MagicPoopCannon
Long

Yesterday: BTC all systems "GO." Today: Liftoff!

COINBASE:BTCUSD   Bitcoin / Dollar
397 3 6
Yesterday, I gave you the bull flag , and I told you that all systems were "GO," in BTC             . What happened today? Oh nothing... Just a huge bull flag breakout. Haha Ok enough with the boasting. On a more serious note, it's important to illustrate the power of accurate technical analysis . Now on to the four hour chart! We can see that BTC             has run up to the bull flag target area, which is around the 23.6% fibonacci retracement level. We can also see that there has been an increase in buy-side volume today, adding conviction to the bull flag breakout. It's possible that BTC             could consolidate before heading higher. However, a sustained break above the 23.6% retracement level would put $18,000, and then the alltime high, in play.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
haha this failed
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gahh, i saw your earlier post, but i didnt buy in! thanks for your analysis
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@primereed, My pleasure. Stay tuned my friend.
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