entertheroach

BTC, Ichimoku Cloud and a partridge in a pear tree

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Lets have another look at Bitcoin because as everyone knows, bitcoin's movement effects alts like ADA and LTC ect ect. I'm Just concentrating on longterm weekly chart for this one, obviously if your a day trader or impatient then i suppose this post isn't for you. On the weekly chart, BTC actually looks like its on track to regain all its losses from its downtrend that started in June 2019 and finished in March 2020. If you look at the weekly BTC chart you can see that the Parabolic SAR indicates its been upwards momentum since the March 2020. Yes, Bitcoin is going to dip and it may even retrace back to the 78.6% Fib Level on the weekly, but longterm it looks very likely that it'll smash through that June 2019 high. This is also good for ALTS. Also well done to all those who bought BTC back in March 2020 and held strong πŸ’ͺ. I hope this was helpful. Good luck πŸ‘

Comments

You certainly like your indicators dude
+3 Reply
entertheroach deanmartin1990
@deanmartin1990, Indeed i doπŸ’ͺ😎 πŸ‘
Reply
thats is awful use smart money mate
Reply
I can't understand the main topic of your tradin... Please explain me?
Reply
Such a bullish picture.
Reply
entertheroach Rykin_Capital
@Rykin_Capital, It's getting even more bullish πŸ‘
Reply
Well done
Reply
entertheroach CFDStephenwood
@CFDStephenwood, Cheers πŸ‘
Reply
Why do you think this is good for alts? I'm curious :)
Reply
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