weslad
Long

Bitcoin Consolidation Nearing its End

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As we await major breakout from long time accumulation zone on BTC , I spotted two different patterns during this accumulation phase.

First is Symmetrical triangle which signals to 6800-7000$ if BREAK UP.

Second is Bullish pole and Flag which also signal to same target at 6800-7000$ Zone.

Prefer buy level are shown on the chart with lable Buy level I&II.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
PINK : Possible Support LEVEL
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active: Accumulation still continue

Trade active: BTC Showing some signs of recovery, if the day close bullish we will have Morning star formation on a strong support zone.

Trade active
Trade active
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Looser!
+4 Reply
CryptoManiac101 CryptoManiac101
@CryptoManiac101, Nice chart yourself btw
Reply
weslad CryptoManiac101
@CryptoManiac101, thanks for sharing
Reply
@weslad Interesting triangle homie. I’m curious. Why did you put your lines there? I’m assuming because the price reacts to it most there.
Reply
weslad skimber90
@skimber90, those lines serves as supports and resistance, just as you likely stated price do react to them
Reply
IMO
Reply
@ATCG, thanks for sharing
Reply
Nice chart!
Also see my analysis:
Reply
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