weslad
Long

Bitcoin Recovery/Accumulation in Progress

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
From our last view we expect BTC             to break up and it did break to the upside and presently we are having potential retest on the previous neckline. We still has same patterns we identified before such as:

Bullish Flag and Pole
Inverse Head and Shoulder
Symmetrical triangle
RSI in potential Inverse HS.

Our immediate target remain 6700$.

I will keep the post updated as the market develop.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS

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Please share your thougths about it and support my post with your LIKES if you think it's useful.

Thanks
Trade active
Trade active: Trade continue

Trade active: Support level to watch out for are:

6355 - 6315
6285 - 6265
6200

Trade active: Looking like we may have another re-test on the bottom trendline.

Trade active
Trade active:
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H&S pattern on btc? lol how did that work out? bitcoin dosent follow technicals its manipulated. geez....99%people here are all bullish just for the likes. read the chart direction where its going, not where you want it....
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lol. the amount of ideas in BTCUSD is ridic. It's staying in super tight range past few months. Weekly range is 250 dollars max. Do you guys think that posting a gazillion of trade ideas in bitcoin will move the market somehow? )))
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rev214us niceryders
@niceryders, Most of these guys don't know how to trade. They throw fancy words around to give gullible people the impression they know what they are talking about, but most of the time they are wrong. And when they are right, it's usually a lucky guess. Here's a rational way to look at it, based on dwindling volume and volatility and the lack thereof: Bitcoin is dying a slow death and taking the rest of the market down with it. The powers behind USD hate Bitcoin. As long as USD dominates, Bitcoin will continue to suck. If Bitcoin ever goes above 16k, I may change my outlook.
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weslad rev214us
@rev214us, thanks for your comment, I really appreciate it. I just hope one of these days we will know how to trade.
+1 Reply
weslad Walentine
@Walentine, thanks for sharing
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Yo Mama Trades nailed it :)



Follow me for next update
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weslad Yo_Mama_Trades
@Yo_Mama_Trades, thanks for sharing
+1 Reply
it was a bubble there is not growth, anything that goes in a parabolic move straight up will come down, 90% of bitcoin is owned by the first investors 1% , plu s people are bag holding here that's why all you see if bullish charts on here, technicals are all wrong youre projecting with everyone where you want the coin to go....this is manipulated and doesn't follow technicals I understand your argument but govt can me this illegal & you will never trade it for dollars.
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weslad detroit313
@detroit313, thanks for sharing your idea.
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