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Ixess
30. Aug. 2016 17:42

Bitcoin resistance and trendline broken, momentum building Long

Beschreibung

3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.

Kommentar

This gave lots of time to get in during the pullback at the bottom. Now the trend is clear and holding this long until the top of this trend.
Kommentare
Ixess
It is much better to have this signal before the pullback giving people a chance to get in. It is still on the other side of the trendline and is very calm doing exactly the same pullback it always does after breaking a key trendline. The price is in the possible reversal area and momentum is moving towards buy.
veryevilone
When i pressed play there was mainly red candles. Afraid the momentum is not building anyway.
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