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Bitcoin, No Retrace After All? Keeping It Simple

Long

Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD)

BITSTAMP:BTCUSD Bitcoin / U.S. Dollar

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We waited and waited and ended with no retrace after all.

As I mentioned before, all the retraces and corrections for Bitcoin have been non-existent in the past few months... There is no difference this time around.

We continue with our next targets.

$36000, $40000, $46000

Additional details on the chart.

Thanks a lot for reading.

Namaste.

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Comments

Just a quick question, is the uncertainty of the dollar and the demand for BTC the reason for the massive rise in these current months?

Interesting as a lot of people are predicting a big crash down to 20k (usd) do you this is unlikely

Moneymovesonly7

@Moneymovesonly7, Right now it is looking bullish but the charts are always changing... It is possible but at the present time the chart is telling us of higher prices.

Moneymovesonly7

I see also do you know what I can watch to improve or even get good ideas technical analysis as I’m pretty new to this trading stud d

Moneymovesonly7

@Moneymovesonly7, Practice is the best way.

Play around with the tools, read some charts and the more you do it the better you will get at it.

You can also read the knowledge base offered here on Trading View.

Moneymovesonly7

Thank you