BTCUSDT - Classic Bump and Run Method
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Today's analysis on Bitcoin is purely trend-based and focused on the MACRO trend. (If you're looking for a technical indicator analysis, take a look at this one : )
If you're looking for a comprehensive update on the Bump and Run Method, you can find it here:
All in all, if timelines are considered BTC is due for a Bullish cycle. This doesn't mean we can't go sideways for a while, but it seems highly likely that the accumulation phase is now over. Another reason why I am bullish on Bitcoin is due to the uncertainty regarding banks at the moment. Check out the two posts linked to related ideas below, they cover all of that information.
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CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Today's analysis on Bitcoin is purely trend-based and focused on the MACRO trend. (If you're looking for a technical indicator analysis, take a look at this one : )
If you're looking for a comprehensive update on the Bump and Run Method, you can find it here:
All in all, if timelines are considered BTC is due for a Bullish cycle. This doesn't mean we can't go sideways for a while, but it seems highly likely that the accumulation phase is now over. Another reason why I am bullish on Bitcoin is due to the uncertainty regarding banks at the moment. Check out the two posts linked to related ideas below, they cover all of that information.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Comment:
Note that just as the second fractal, this doesn't guarantee BTC will go "straight" up immediately.
Comment:
BTC taking a breather over the weekend, this week should be interesting.
Comment:
When Bitcoin takes a breather and trades range for a while, expect rallies across the ALT market 💰
