traderChaz
Long

BTCUSD LONG - Another triangle has begun.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I'm not very good at charting or putting my ideas forward but it is something I wish to become better and more confident at in 2017.

That being said, I have drawn on the chart what I believe to be in store for Bitcoin             and this is how I will trade it.

Pink box needs to hold in the next few weeks - smart money bought the dip and will be the main driving force here to take us back to the top to test the most recent highs.

If the Pink holds, we can expect a further area of accumulation in the Yellow box. This area will be where I will be looking to reload my Bitcoin             longs and hold in preparation of rising prices. We may revisit this box 2/3 times before price climbs higher.

The lines are poorly drawn(Sorry) but should show what I am expecting this year.

If this triangle plays out over the next 6 months it will be an explosive move upwards - similar to June '16. I do not yet have any price projections but if I had to hazard a guess, anything over $2200 would be the area I will look to unload a large portion of my Bitcoin             holdings.

Any comments and or critics are welcome and encouraged, help me to improve while Bitcoin             rises. :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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