Simple Bitcoin analysis (Long Term) Higher no matter what?
Updated
Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.
Comment
HigherComment
Although this idea states higher no matter what, keep in mind that it is on the daily chart and meant to be "big picture" in the long term. My grey line range even shows the possibility of going back down to 48k before breaking back to the upside. Either way it will be bullish and still play out the cup and handle pattern.Comment
If you plan to hold long term don't panic, 58k is the bottom but even black swan ww3 lower still means 200k is on the horizon - cup and handle.Comment
we might have already bottomedComment
sike...Comment
keep an eye outComment
still on trackComment
right on scheduleComment
Bitcoin is preparing to complete this pattern in the next coming monthsComment
yummyComment
higherComment
on trackComment
maybe 35k is the lowest possibleComment
You guys miss me?Comment
Making a new chart todayTrade closed manually
recycling 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.