Bitcoin new cycle!
Hi guys! I want to dedicate this trading idea to the global growth cycles of Bitcoin. Based on the Aligator indicator. We see that on the weekly time frame, this indicator clearly displayed a growing trend. It is also clear that after the global bearish trend, which lasted throughout the past year, the indicator makes an attempt to reverse. The chart also shows the breakout of the trend resistance level and further growth. Can this situation tell us about the beginning of a bullish trend? Most likely yes! And most likely the purchase of Bitcoin is now very relevant. But the decision is up to you!
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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.