BTCUSD is making a Volatility Contraction Pattern
Based on the BTCUSD chart, it is making a VCP (Volatility Contraction Pattern). At this stage, it wait for an upward breakout. Once it breaks around 9.8K and the volume is following to get higher at the break out time, the up power is high and fast.
Other signals:
1. SMA 50 > SMA 150 > SMA 200
2. SMA 50 is in up trend
3. SMA 150 is in up trend
4. SMA 200 is in flat, may change to up trend later on
5. Price is over SMA 50
Other signals:
1. SMA 50 > SMA 150 > SMA 200
2. SMA 50 is in up trend
3. SMA 150 is in up trend
4. SMA 200 is in flat, may change to up trend later on
5. Price is over SMA 50
Komentarz:
Watch the volume! I am standby to buy at breakout with volume increases. It is NOT few hundred upward breakout. Probably a 2-5 thousands breakout within 2-4 weeks
Komentarz:
Hit and breakout today. triggered buy and hodl
Komentarz:
Perfect to catch this VCP. It has 80% profit in 6 months. I am finding the Exit point right now
Komentarz:
The chart shows exit point today. If it keeps in 17xxx and can't back to 18000 level at today's close. Sell it out and take 75% profit in this round.
Komentarz:
Done today at around 17200
It will rapidly increase then breakout