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orminlange

Next ISHS formation but greater than before

Long
Bitcoin (BITFINEX:BTCUSD)  
orminlange Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns
3
0
chartpattern
Next ISHS formation but greater than before
Comment:
possible targets of doubled ISHS formation

snapshot
Comment:
So setting up pending buy order @ 4500, with sl under red lines (but SL in mind not in exchange). First target around 4900 but only if divergence occurs if not, waiting for divergences on higher levels.
Comment:
long position opened @ 4550
Comment:
snapshot

Can BTC do 4900? I think he should do.
Comment:
If Bitcoin touch 4900 SL in mind should be moved to entry point (4550USD). Every retrace from 4900 to 4500 will be for me bearish signal. But i hope that 4900 will be only shortterm obstacle to move higher to 5400-5500USD area.
Comment:
Ascending triangle did'nt worked so there is another one triangle as always in case of BTC

snapshot

So i say HODL! :)
Comment:
Uff thanks God my TP worked this night well, was so close to not be hited, but this drop now is very bearish sign for Bitcoin.
Comment:
Around 60% of ISHS formation fulfiled, and i dont even hope that 100% will be touched right now. So i stay aside until i see next price pattern on chart. Buying dips is also uncomfortable to me.

snapshot
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