David_Smith
Long

BTC|USD - Two Morning Stars on Daily

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Greetings. Please leave a Like if you like the idea

We got two morning star bullish candlestick patterns on daily chart .

One of them confirmes the breakout of 8.900$ resistance.

However we can see two scenario.

1 is we break the 9100$ resistance and go up.

2 the 9100$ resistance can retrace the price. In this case we should wait for confirmed retracement of 8.900$ support level than go long

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Peace Out!

Not a Financial Advice

Comments

Time to open longs on bitcoin again, This idea below explains why:
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BTCUSD TP hit in 48 hours. click play to recap. stay tuned for more updates.
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Great analysis...
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How are you buddy. Agree with your outlook. More upside possible.
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Nice, check out that monthly morning star too eh
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It will be interesting to see how these two morning stars will fair against the 20/50 DMA death cross BTC is producing today. I'm thinking the death cross will pull harder, but who knows...
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this is good. let's see if this pans out.
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Did you not open a short 22 hours ago?
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David_Smith faugusto1983
@faugusto1983, buddy did you see some confirmed rejection?
+1 Reply
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