TrendFather

BTC trade idea

BITFINEX:BTCUSD   Bitcoin
The movement in the rising channel, I would like to see a clear resistance and a rebound to the lower border.
Then the Inverted Head and Shoulders pattern will form on a bull trend. Which directly hints about growth.
But if the price breaks the channel from above, it will go to 9600.
According to the CCI, it is ideal to see a breakdown from top to bottom of level 100, which will signal a sale.
MAs crossed, they are below the graph.
MA 14 (purple) is even lower.
Will form a corridor, which means a small correction.
Trade active:
There is support and there are buyers. So the growth will be to 9400-9500 and more.
Order cancelled:
Buyers could not fix above 9360, for further growth.
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