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ArShevelev
14 gru 2017 06:58

BITCOIN Long Position, Ascending Triangle Long

Bitcoin / DollarBitfinex

Opis

Hi, Bitcoin vs. US Dollar moves in Ascending Triangle.
In uptrend it means that price should breakout Resistance Line (17193) and move to 1.272 Fibonacci level (18400), than price should retest Resistance Line (17193) and bounce from it to 1.618 Fibonacci level (20000).
On Stochastic RSI i see Falling Wedge Pattern, so it should move to 80 level very soon.

Use entry-target-stoploss as shown on Long Position.

Good luck with your trades.

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Komentarz

Stoch RSI

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Komentarz

Breaking resistance line

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We should fix above resistance line 17193 and move to new high

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Today Bitcoin more popular than Beyonce and Tailor Swift...

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Transakcja zamknięta: osiągnięto wyznaczony cel

Transakcja zamknięta: osiągnięto wyznaczony cel

Komentarze
laa382
next step up or down
you advise please
jeneoneo
Great analysis as usual! Thanks a lot for sharing!

It was almost touching the target point, but then wave back a bit and touched the supporting of the triangle lower line that you drew.

Now it is giving another try and waving up.

Question:
After if it touches your TP, what price area do you think it will have correction on?

Thanks
UnknownUnicorn1115814
Thanks for the excellent analysis!
samdivss
sir you are a great analyzer
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