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Bitcoin - Channel, Breakout and a $250.000 Target!

Long
Bitcoin (BITSTAMP:BTCUSD)  
basictradingtv  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Parallel Channel Beyond Technical Analysis bitcoinprice breakouttrading btcusdanalysis cryptomarket bitcoinprediction channeltrend tradinganalysis videoanalysis longposition
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trendanalysis parallelchannel beyondta bitcoinprice breakouttrading btcusdanalysis cryptomarket bitcoinprediction channeltrend tradinganalysis videoanalysis longposition
Hello Traders and Investors, today I will take a look at Bitcoin.

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Explanation of my video analysis:

On the higher timeframes of the Bitcoin chart - symbol BTCUSD - you can immediately spot a simple rising channel formation. About a year ago, Bitcoin retested and rejected the lower support of the rising channel formation and is now retesting the previous all time highs at $65.000. If we see a breakout, the next resistance is all the way up at $250.000.

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Keep your long term vision,
Philip (BasicTrading)
👇Free Trading Newsletter👇

www.basictrading.net

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Keep your long term vision.
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