Bitcoin is still Bullish!
Updated
Traders, here is an update for Bitcoin on the D timeframe.
As I wrote before, patterns continuously change, and now we are forming a bullish falling wedge. In the big bull run from 2021 until now this happened already 2 times.
The 50% Fib level is still holding as support. My stop loss is now on the blue line. Targets are still the same 68000-74000.
The fundamentals are excellent for Bitcoin and trying to buy lower is always good, but the very best strategy for Bitcoin is fortunately also the most easy one. Buy and hold over longer time. Over a timespan of 10 year the price has only risen.
Check out Bitcoin's Never Look Back Prices and you will be positively surprised!
As I wrote before, patterns continuously change, and now we are forming a bullish falling wedge. In the big bull run from 2021 until now this happened already 2 times.
The 50% Fib level is still holding as support. My stop loss is now on the blue line. Targets are still the same 68000-74000.
The fundamentals are excellent for Bitcoin and trying to buy lower is always good, but the very best strategy for Bitcoin is fortunately also the most easy one. Buy and hold over longer time. Over a timespan of 10 year the price has only risen.
Check out Bitcoin's Never Look Back Prices and you will be positively surprised!
Trade active
Traders, we have a clear breakout of the bullish triangle. First targets old top and upper trend line.We can expect a continuation of the bullish trend.
Trade closed manually
The target was partionally reached.
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