Bitcoin - The halving breakout!
Updated
Hello Traders and Investors, today I will take a look at Bitcoin.
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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.
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Keep your long term vision,
Philip (BasicTrading)
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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.
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Keep your long term vision,
Philip (BasicTrading)
Note
Everything is still quite valid and playing out as mentioned...If we see a breakout, $100.000 would be the first upside target!
😴|Swing Trader
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
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basictrading.net
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
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