Bitcoin
Long
Updated

Bitcoin - The Beginning Of The Next Phase!

Bitcoin (BTCUSD) is finally breaking all resistance:

snapshot

Click chart above to see the detailed analysis👆🏻

Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level.

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👆🏻

Wow, just within a couple of days, Bitcoin pumped +30% and is clearly on its way to hit the magical six figure mark. However momentum is just starting to pick up and although a short term correction might be likely, the overall trend is clearly bullish and Bitcoin might retest the upper channel resistance soon.

Levels to watch: $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👆🏻

Bitcoin is slowly making its way to the magical six figure mark and we would only need another move of about +10%. Depending on where you actually bought Bitcoin during the bear market, it is actually a smart idea to take partials profits now. However everything remains super bullish.

Levels to watch: $100.000, $300.000

Keep your long term vision,
Philip (BasicTrading)

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