Get Free Lifetime Access!

Ditch the monthly payments and get free access to Cryptocademy for life. 

Issue 36 – Bitcoin Direction Hinges on These Parallels


As a general rule, most of the levels on your charts should last for weeks if not months. That’s especially true if you’re using the higher time frames (you should be).

However, it’s also a good idea to occasionally hide those levels and start over.

It helps your mind generate fresh ideas, which is difficult if you’re staring at the same levels for months.

In today’s issue, I’ll share with you four Bitcoin trend lines I found this morning that may offer additional clues about where prices go from here.

They also outline a few key support areas I’ll be keeping a close eye on in the coming weeks.

Let’s go!

Starting Over

I decided to hide my previous Bitcoin levels this morning and start fresh.

I like doing this from time to time to help generate new ideas, even if those ideas don’t necessarily change my overall bias.

For Bitcoin, the last 54 days of sideways action hinge on one level.

This is a members-only issue. Join today to get access to the full post, charts, and watch the video.

Members receive one new issue every weekday.

Join and pay monthly

Join and pay yearly (save 20%)

Already a paying member? Sign in

Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

Bybit - My preferred exchange for trading crypto. Over 100 tradable assets, super competitive spreads, and the best mobile trading platform I've ever used. Use the link below to get FREE lifetime access to Cryptocademy!

iTrustCapital - Where I invest in crypto for my retirement account. These are self-directed IRAs where you can invest in dozens of crypto assets and even gold and silver. Right now they're offering $100 in BTC when you fund an account with at least $1,000. Use the link below to claim this offer. 

TraderSync - The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading. 

Justin T Bennett

Follow me on Twitter:

About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}