Big upside coming for BTC Bitcoin

28 gru 2018

If the 0.618 fib holds (3600 level), I'm expecting a completion of the right shoulder of this big inverse H&S being formed on most high time frames.

Technically, it is a buy above a clean break of 4400 (stronk resistance), but a buy with a stop right below the 0.707 is a decent r/r play

Long: 3660-3700

Stop: 3550

Target profit: 5600

30 gru 2018

Uwaga

Symmetrical triangle being formed on large time frames. Breakout is approaching the apex. A break below and 4 hour close below this trend line will signal an exit of all long positions and a re-test of the lower channel.

31 gru 2018

Uwaga

Possible drop to the 3850 level (on Bitfinex) to re-test the symmetrical triangle support.

If it falls below this, I'm out of all longs.

31 gru 2018

Uwaga

Looking bearish so far. MACD is flat lined, but consolidation around critical support with rejection wicks means that downside hell candles could be imminent. I'm out of more than half of my long positions at a decent profit.

Still has yet to hit my 3850 stop loss

31 gru 2018

Transakcja zakończona: osiągnięto poziom stop

1 sty 2019

Uwaga

Just as I expected. Broke below the symmetrical triangle. Should be confirming resistance now with more downside ahead.