MidasTouchConsulting

Bitcoin - Another ascending triangle ?

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin             has been pushing higher reaching overhead resistance between $775 and $740...
Note how the Bollinger Bands are starting to move sideways!
If this is another ascending triangle we should soon see a pullback towards $625/$590! That of course would be another buying opportunity...
Only a breakout above $775 would be extremely bullish . In that case a spike towards $1,000 should follow...
Thanks for the chart. Been trading for about 2 years and I have not made any money to date. I have not lost money either so I decided to take a different approach and look for advice online. I always go long however I seem to always sell because I fear the price will drop and I will lose. I always seem to just break even.

Again thanks
Vet82air
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@JustJoe, Thanks! Basically its very simple.. buy low and sell high.. I guess you´re are on the right way.. maybe you should work on some mental blockades that might prevent you from making money..
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Nice chart man, thanks for sharing it :-)
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MidasTouchConsulting PRO TheCryptocurrencyTrader
@Bistonic.com, Thanks !
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