Bitcoin - The devastating top formation!

17 ott

💎Bitcoin (BTCUSD) is creating a top:

🔎Analysis summary:

In the end of 2022, we witnessed another perfect bullish break and retest on Bitcoin. This retest was followed by an incredible rally of +600%. But slowly, Bitcoin is retesting a massive curve resistance, which has been pushing price lower for the past 15 years.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

27 ott

Trade attivo

💎Bitcoin (BTCUSD) still remains bearish:

🔎Analysis summary:

As we are speaking, you can clearly see that Bitcoin is over and over again rejecting the previous all time highs. So far, Bitcoin did not create bearish confirmation on the smaller timeframes though. But eventually, this seems like the top formation is in.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

4 nov

Trade chiuso: obiettivo raggiunto

💎Bitcoin (BTCUSD) is cracking lower:

🔎Analysis summary:

Just after all this back and forth, Bitcoin is now clearly starting to reverse. Just keep in mind that Bitcoin has been rallying about +600%, so a correction in the future is quite likely. I honestly think that this is just the beginning of the next major bearmarket.

📝Levels to watch:

$100,000 and $50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION