Bitcoin - The halving breakout!
Updated
Hello Traders and Investors, today I will take a look at Bitcoin.
--------
Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
--------
Keep your long term vision,
Philip (BasicTrading)
Comment
Everything is still quite valid and playing out as mentioned...If we see a breakout, $100.000 would be the first upside target!
👇🏻Free "Trading Newsletter"👇🏻
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.