So we have an inverse Head and Shoulders and a cup and handle on BTC. If it breaks out of of current high, then we can see potential profits $9600 for the cup and handle followed by the 11600 for the H&S. This idea will cancel if it does not break the $8700 (and holds) resistance level. Good luck everyone. Hope this is the end of the current correction for the entire market. Lots of alts such as LTC and ETC have broken out.
**NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
**DO NOT use my published ideas for making decisions. Recommendations are welcomed.
**NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
**DO NOT use my published ideas for making decisions. Recommendations are welcomed.
Trade active:
First target almost reached. Good luck.
Trade closed: target reached:
First target reached. Congrats!
Will look forward to second target of $11500 if current trend continues.
Will look forward to second target of $11500 if current trend continues.
Trade active:
after meeting our first target we are clearly on the way to our final target of 11760. Good luck
Trade closed: target reached:
Our idea got within $45 of out target price. Not bad considering we started our idea at about $8763 with a goal of about $11833. It was a good run. Time to find another house to flip...I mean, trend. :)