BTC, Ichimoku Cloud and a partridge in a pear tree

BTC, Ichimoku Cloud and a partridge in a pear tree

Bitcoin / U.S. dollar BITSTAMP:BTCUSD


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 💪. I hope this was helpful. Good luck 👍

Leave a Reply

Your email address will not be published. Required fields are marked *