BITSTAMP:BTCUSD   Bitcoin / Dollar
229 4 4
Depending where the friday daily candle closes will signify to me if next week will be bearish or bull.

Things to keep in mind:
- Price has hit a strong resistance level
- 4hr chart upward channel
- Hit 1.27 fib ext

RED LINE
If friday closes below this red line the price has formed a lower high signalling a bearish trend . This line is placed on the fib 0.38 retracement level and also lands on a minor resistance level .Therefore closing beneath it will show price has power to move down for the coming week.

GREEN LINE
If friday closes above this green line the price has formed a higher high signalling a Bullish trend . Also Broken out of the upward channel.

Tell me what you guys think? , have I missed something?
Cheers
what are the prices of the targets?
Antworten
dalipips kimmy_kay
@kimmy_kay, I can't really say right now because I need to see how the market plays out before I know my levels Im going to trade but Im hoping:

sell order TP at 12600 with SL at 16500
buy order dont know yet have to see the strength of the breakout
+1 Antworten
kimmy_kay dalipips
@dalipips, sorry; my comment was really vague lol; I meant the green and red lines' prices.
Antworten
dalipips kimmy_kay
@kimmy_kay, hahaha it's all good. Green line is 16465 and Red line 15415.
Antworten
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