clydeuscope

BTCUSD to breakout soon?

clydeuscope Updated   
BITFINEX:BTCUSD   Bitcoin
Looks like BTC is currently stuck at 2780. Will need to break it to get to 2,800, to 2,900 then to 3,000.

DMI seems to cross meaning buying pressure is rising.

It's possible that BTC could retrace down a little before going up. See price action in the coming hours. See targets above as well.


P.S. I have been publishing privately instead of publicly. Sorry if this post looks redundant.
Comment:
Possible price movement.
BTC is gonna touch the top of triangle then retreat to the middle.
Or, if there's sufficient demand, BTC is gonna break out and go to 2900.

Comment:
Buy during the time of BTC's breakout. 2880 is a high risk buy but could be a good area to buy if BTC would eventually break 2900 and up.

Always wait for both volume and price action confirmation.
Comment:
BTC still needs to finish drilling these walls at prices 2860,2870 and 2875.

Comment:
Wall size is at least 110 BTC. That's $314,490 at current prices.
Comment:
Hmmm? Is this a rejection? Let's see on how price action pans out an hour after

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