BITCOIN Step back and admire the big picture!
Bitcoin / BTCUSD is having a 'bloodpath' week in the eyes of most but not to those that know when to zoom out and look at the bigger picture.
And that's BTC being on a purely technical Bull Cycle correction.
In fact the same Channel Down correction has been seen twice already this Cycle after at least a +105.70% rise.
Both times it found support and bounced on the 1week MA50.
Another month of consolidation is possible until contact (or close) is made but overall, the current levels are an excellent long term buy opportunity.
Buy and target 175000 (+105.70%).
Follow us, like the idea and leave a comment below!!
And that's BTC being on a purely technical Bull Cycle correction.
In fact the same Channel Down correction has been seen twice already this Cycle after at least a +105.70% rise.
Both times it found support and bounced on the 1week MA50.
Another month of consolidation is possible until contact (or close) is made but overall, the current levels are an excellent long term buy opportunity.
Buy and target 175000 (+105.70%).
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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TELEGRAM: t.me/thecryptagon
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.