BPAtrader

Price Action in BTC daily chart. BTC will find resistance soon.

BITFINEX:BTCUSD   Bitcoin / Dollar
144 0 3
As we can see, BTC             11.78% broke out from a big triangle. Then it formed a 3-push down in a very tight channel. Usually after 3 pushes, market will pull back for 2 legs. But considering the channel down is so tight, I think BTC             11.78% will find resistance soon and go sideways between 9800 and 6800 for a week or so. Traders should better not buy any bull breakout or sell any bear break out, just wait to buy low and sell high.
专注于Al Brooks价格行为交易,分享我的观点,大家共同成长。Al Brooks Price Aciton Trader. Happy to share my trading ideas and operations. twitter @BPA_andy
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