SwissView
Long

BTCUSD: Break Of Major Downtrendline, Target 9,5k

BITFINEX:BTCUSD   Bitcoin / Dollar
BTCUSD passed by allready it´s probalby widely anticipated "panic low". Now we have seen it. We have seen the widely anticipated "crash" as well. BTC now forming a bottom pattern. To detect it Crypto traders likely can follow well known chartpattern from FX, Stock or Bondmarkets.


Short term target is the a possible resist from a inverted left shoulder at 9.5k. Weekends past few weeks brought from Friday evening until Sunday morning something like "quiteness" depending on negativ news. If ever the noise is fading BTC went up. Time to enjoy the weekend, folks.

Trade ist aktiv: Pull back to downtrendline:

Trade ist aktiv: Downtrendline re tested. What we see in BTC doesn´t look that bad. BTCUSD likely to form an inverted head & shoulders pattern. This would trigger a medium term, mulitple buy signal.

Trade ist aktiv: BTCUSD now at an important point:



BTC needs to rise to 9.500 to avoid new downsidemomentum wich could cause lower lows and confirm the path to "Zero". BTC needs to stay above this trendline. Hodler shout activate now SL orders to avoid to get crushed if ever BTC accelerates again downside momentum. Watch BTC now very, very closely.
Kommentar: BTCUSD: Inverted S-K-S closed to be completed.

Kommentar: UNCH: BTCUSD: Inverted S-K-S closed to be completed.

Trade ist aktiv: UNCH: BTCUSD: Inverted S-K-S closed to be completed

Kommentar: UNCH: BTCUSD: Inverted S-K-S closed to be completed

Trade ist aktiv: Bitcoin extended a rebound on Monday as the regulatory concerns that have plagued digital currencies this year showed signs of subsiding.

Bitcoin climbed 2.6 percent to $8,774 at 10:26 a.m. in London, bouncing back by almost 50 percent since dipping below $6,000 in intraday trading Feb. 6, according to composite Bloomberg pricing. Alternate coins Ripple, Ether and Litecoin advanced at least 3.5 percent.
https://www.bloomberg.com/news/articles/...
Kommentar: UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade ist aktiv: UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Kommentar: UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade ist aktiv: Target @ 9.500 almost reached.



UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed
Kommentar: Target @ 9.500 almost reached. Trade ready to close.



UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed
Trade geschlossen: Ziel wurde erreicht: TRADE CLOSED, target almost reached. This trade is closed because otherwise to many trading ideas are open wich need to be covered daily. To close USDBTC is no decission if BTC might rise further - or not.

Ähnliche Ideen

Your trendline looks of. Should be somewhere around 9200
Antworten
SwissView mycoinmoon
@mycoinmoon, you can choose diffrent settings. I followed BTC in the downtrend very closely with this setting. I traded the fals break above this trendline long. BTC later is falling back. After this happened the sell off occured directely.
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SwissView mycoinmoon
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