kievanrusbazaar

Technical Teepee Breakout Formation on Bitcoin

Long
kievanrusbazaar Updated   
BITSTAMP:BTCUSD   Bitcoin
Here is my chART. I have 1 day professional experience in TA.

We can see here a bullish teepee formation where the teepee was set alight by thunder which means the smoke from the fire can only go up, not down. Target is 57,000 USD.
Comment:
Looks like somebody left the damn teepee closed. The smoke's comin out of the seams!
Comment:
We brokeout into smoke just as expected when the inside of your teepee is set alight. Although we're losing steam...I mean smoke! Target still valid. 57k this weekend.

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