Hello Traders and Investors, today I will take a look at Bitcoin.
--------
Explanation of my video analysis:
More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish.
--------
Keep your long term vision,
Philip (BasicTrading)
Comment:
Keep in mind that BTC is still in a massively bullish trend...
Absolutely no reason to freak out and run away - volatility is normal!
Absolutely no reason to freak out and run away - volatility is normal!
Just look at the technicals, situation is still more than clear: