(+) Bitcoin Recommendation May 4th

 

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Bitcoin: Long-term Buy (Update)

 

Bitcoin, 4-Hour Chart Analysis

The main cryptocurrency had stunning two weeks as it broke out to new all-time highs and surged past the $1500 level as well in a matter of days. The advance successfully changed angles to enter a parabolic trend, and that might give a good opportunity for those traders who followed our long-term recommendation to cash-in their positions.

The short-term top could still be further down the road for BTC, but a tight trailing stop-loss could protect traders from participating in a steep correction, with good re-entry points likely to emerge in the coming weeks.

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

 

247 Bitcoin

Bitcoin & Crypto & NFT News

247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

1 News - 247 News - 1 Search - 1 eBooks

 

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