DanLaffas
Long

BTCUSD H4 - Ascending Triangle

BITFINEX:BTCUSD   Bitcoin / Dollar
7 months ago
Further to my previous Daily chart , here is my projection for the breakout. The ABCD would put our top at around $576 which fits nicely with the next resistance level. From there we would either retest $464 or, if the market is steamrolling, it may only retrace to another level within this breakout before moving north through the resistance as shown in my daily chart .

This could coincide nicely with the Block Reward halving on 10 July. 'Buy the rumour, sell the news' anyone?
6 months ago
Comment: Looks like we are well on the way to target one.
6 months ago
Comment: First target hit. Let's see if it retraces before moving further
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