Wave-Trader
Long

BTCUSD Watch for Buy Breakout is ahead

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi there,

BTC is setting up for breakout. Watch for breakout of this 30 minutes chart. If price takes off sharply than look for bullish trend resumption.


How you can trade on this chart.

1. Watch for the bottom for buy if takes off then go long

or

2. Wait for the price to hit the previous low and then look for buy.


In case price fall sharply and close below the previous low then it will change the buy setup.

Good Luck

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Comments

Thanks for the chart, how ever im concerned that seeing as most TA's are bullish - would that mean the opposite and that we should actually expect new lows??? Someone HODL my hand!!!
+3 Reply
A big move will most likely come soon.... It is an absolute crap shoot 50/50 at this point... TA on the next move is meaningless at this point....
+3 Reply
DZouz BlurShines
@BlurShines, Totally agree with you.
Reply
msad66 BlurShines
@BlurShines, There is no BIG MOVE in new bitcoin. Get used to it.
Reply
Thanks for your analysis. We'll see a break coming this week both with Bitcoin & Ethereum, see my video:
+1 Reply
Hello!
I can say almost definitely, this week, we can see a pretty big movement!
The price is between the major down/trendline and historically worked curve support line and it is almost ready to make a breakout!

All the best!
+1 Reply

- The three stars in the chart seem to be similar.
- There was a price increase due to the Tether problem yesterday.
- I think that issues are creating charts, and issues are needed to make charts. I think this rise is tending to the latter.
- If today's and tomorrow's closing prices are held to a certain extent, as the idea suggests, we can expect to see price increases on the October 26 CME expiration date.
CBOE(4.18.) Closing price < CME(4.27.) Closing price
CBOE(7.18.) Closing price < CME(7.27.) Closing price
CBOE(10.17.) Closing price ?? CME(10.26.) Closing price
Reply
thanks bro
Reply
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