Bitcoin - This chart is crumbling!

Oct 30

⛔️Bitcoin (BTCUSD) creates a massive top:

🔎Analysis summary:

All the previous cycles on Bitcoin have been lasting about 1,000 days. And exactly three years ago, Bitcoin retested the previous all time high, starting the next bullrun. If we soon see bearish confirmation on Bitcoin, this crypto will lead to another insane bloodbath.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Nov 10

Trade active

⛔️Bitcoin (BTCUSD) is still bearish:

🔎Analysis summary:

Despite the recent short term volatility, Bitcoin is still starting to create a major top formation. Considering that we already witnessed bearish confirmation on the smaller timeframe, a move lower is quite likely. Just don't get caught up in short term moves.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Nov 17

Trade closed: target reached

⛔️Bitcoin (BTCUSD) is just crashing:

🔎Analysis summary:

A couple of weeks ago, we witnessed a perfect creation of the retest of the resistance curve level. After a lot of bearish confirmation, Bitcoin is now creating the expected move lower, starting a bearmarket. This really does not seem to be the end yet.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION