Bitcoin
Long
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Bitcoin - Preparing For Another +200% Rally!

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Bitcoin (BTCUSD) is just starting a major bullrun:

istantanea

Click chart above to see the detailed analysis👆🏻

Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel.

Levels to watch: $100.000, $300.000

Keep your long term vision,
Philip (BasicTrading)
Trade attivo
Trading update on Bitcoin (BTCUSD):

istantanea

Click chart above to see the detailed analysis👆🏻

Finally Bitcoin is closing its monthly candle of November and with the expected breakout and a rally of about +40%, this seems to be just the beginning of the next bullish crypto cycle. Of course we can actually go and close out first partials here, but just looking at charts this is clearly not the end of the bullrun yet.

Levels to watch: $100.000, $300.000

Keep your long term vision,
Philip (BasicTrading)
Trade chiuso: obiettivo raggiunto
Trading update on Bitcoin (BTCUSD):

istantanea

Click chart above to see the detailed analysis👆🏻

If we see even more continuation towards the upside with the monthly candle of December - which is so far actually quite likely - then we will finally have the confirmed bullish cycle breakout. This means that Bitcoin will eventually retest the top of the rising channel, creating another pump of +200% from here.

Levels to watch: $100.000, $300.000

Keep your long term vision,
Philip (BasicTrading)

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