🤬Bitcoin (
BTCUSD) is still in a bearish market:
🔎Analysis summary:
📝Levels to watch:
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
BTCUSD) is still in a bearish market:🔎Analysis summary:
Just a couple of months ago, Bitcoin created its expected bullmarket all time high. Since then, we already witnessed a correction of about -30%. But looking at higher timeframe structure, this correction is not over and we might see a final push of -30% lower soon.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
🤬Bitcoin (BTCUSD) is just consolidating now:🔎Analysis summary:
The underlying trend of Bitcoin is still bearish. But recently, we have been witnessing quite a lot of consolidation on cryptos. However, looking at the underlying higher timeframe, it doesn't seem like this crypto bearmarket is already over yet.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
🤬Bitcoin (BTCUSD) can still drop a little lower:🔎Analysis summary:
After the recent short term consolidation, Bitcoin is now starting the next move lower. Looking at the higher timeframe, this will most likely be the final push lower during the bearmarket. And then, Bitcoin is just heading for another parabolic bullrun.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
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Disclaimer
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.8K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.8K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Related publications
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.