Bitcoin
Long
Updated

Bitcoin - Please Look At This Timeframe!

Bitcoin (BTCUSD) is still totally bullish:

snapshot

Click chart above to see the detailed analysis👆🏻

Please just make sure, that you don't trust Bitcoin with its daily swings of more than -5%. Looking at the overall picture, Bitcoin is still incredibly bullish and almost trading at its all time high. Bulls are 100% in control of everything and some profit taking along the way is just normal.

Levels to watch: $70.000, $100.000, $300.000

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Bitcoin (BTCUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Regardless of how Bitcoin actually closes the monthly candle, we now have the confirmed bullish all time high breakout, starting the next major crypto cycle. We could even see a retest of the previous breakout level and Bitcoin would remain bullish so just make sure you are looking at the overall picture now.

Levels to watch: $70.000, $100.000. $300.000

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Bitcoin (BTCUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

If - over the next couple of days - Bitcoin actually manages to take out the previous all time high and close the monthly candle of January in the green, literally everything is then pointing to a strong crypto year of 2025. Please just make sure that you don't get caught up in the short term volatility!

Levels to watch: $70.000, $100.000. $300.000

Keep your long term vision,
Philip (BasicTrading)

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