BitcoinLong
BTCUSD Now +73,000 pumping so hard to take March high today
Updated
https://www.tradingview.com/x/1eeOkpUk/
Bitcoin has absolutely exploded with upside movement during the last couple of sessions, even yesterday during New York trading, Cryptocurrency had a smashing day and I did not even have to look at the charts to understand that Bitcoin BTCUSD was on its way to take the March High.
Well if you don't own any Cryptocurrency, for educational purposes only, it's always a good idea to buy Bitcoin or stock/currency BEFORE the breakout, when price will go up very fast in line with how much Bitcoin is breaking out.
My next profit target for BTCUSD is not 120,000 which is where I think it will make very quickly after it explodes upwards in price following the break above the Huge CUP pattern on the Weekly chart. BTCUSD price is at time of writing is 73,150 approximately.
Prior to Cryptocurrency prices going into a frenzy following such a breakout, some other Crypto names that are solid and safe performers are DOGEUSD, TRXUSD, SOL & of course BTCUSD the number 1.
Bitcoin has absolutely exploded with upside movement during the last couple of sessions, even yesterday during New York trading, Cryptocurrency had a smashing day and I did not even have to look at the charts to understand that Bitcoin BTCUSD was on its way to take the March High.
Well if you don't own any Cryptocurrency, for educational purposes only, it's always a good idea to buy Bitcoin or stock/currency BEFORE the breakout, when price will go up very fast in line with how much Bitcoin is breaking out.
My next profit target for BTCUSD is not 120,000 which is where I think it will make very quickly after it explodes upwards in price following the break above the Huge CUP pattern on the Weekly chart. BTCUSD price is at time of writing is 73,150 approximately.
Prior to Cryptocurrency prices going into a frenzy following such a breakout, some other Crypto names that are solid and safe performers are DOGEUSD, TRXUSD, SOL & of course BTCUSD the number 1.
Trade active
Trade closed: target reached
Note
Tradingview stuffing me around with Buy Sell recommendations.
I did not close this trade. Tradingviews ridiculous AI rule based system has done this.
I am sick and tired of it.
This trade is NOT closed. What I wanted to say is that price has gone up considerably in a few days, price needs to cool-off a bit before it goes again. 74,000-75,000 is the hard work done, beating March 24 high. I would not be selling but accumulating before price takes off again.
Note
That said, I would not be buying this level or price.
I think a further, small, correction in price before it heads back up.
I will keep an eye
Note
74,500 is possibly the next Buy area. It is between a 38.2% & 50% Fib level. 74,500 is also the start of a 15m liquidity order block, it's also a big psychological number to be watching. Look for support at this level & even a retracement back to 74,500 to ensure that it holds. Price will then move higher.
Note
Bitcoin Vulnerable price down to original double bottom and bounce upwards at 74,500.
Short term bearish head n shoulders.
Healthy correction to new formation around 74,500 and next uptrend.
Note
Bitcoin Defying further pullback. See my next thread on Bitcoin.
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