Ixess
Long

Bitcoin resistance and trendline broken, momentum building

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
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.
Comment: 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.
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.
Reply
When i pressed play there was mainly red candles. Afraid the momentum is not building anyway.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out