BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BUY: new high, break of 248
TP: along the targets up to 281

SELL: break of black trend line & failure to break 248
TP: around 232.5 - 235 / Build a new long position from there.

HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258
A break of 248 would indicate that price will be trying to reach the double bottom target 268 - 273

OTE             SELL ZONE: Look for reversal signals there and establish a short position

The white & red forecast drawings are just for the purpose of orientation.
Nice analysis so far
+3 Reply
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