xuanhaimmoer

Bitcoin - Unexpected thing

xuanhaimmoer Updated   
BITFINEX:BTCUSD   Bitcoin
Hi every body, again me !

Look at the last chart from Bitcoin, I believe we having a big party when Bitcoin boom from 6300 to 7800 as my target.
But there are something more optimistic, Bitcoin have cross over 7800 to touch 8400 with many critical indicator reveal strong bullish at this time.

Now we will see, i will explain detail about the chart!

First thing we all see is the Pattern of Bitcoin. Yes, it is Descending Triangle Pattern. This pattern we have build for a long time but Bitcoin has break up the resistance so we can hope this is very strong break out and support for the middle long term of Bitcoin.
The second pattern is Inverse Head & Shoulders. We are in 3 Inverse H&S and Bitcoin keep continue break many neck-line so we can hope it break the last neck-line in 8400-8500 resistance for green market!
PATTERN: BITCOIN GO UP

About the indicator:
The First is Ichimoku, Bitcoin has break the red cloud so green market will keep continue.
Second is RSI, look carefully, RSI in day-chart is highest from the ALL TIME HIGH of Bitcoin, it go above 70 so what do you think? Is it trap? We have not seen RSI above 70 in this year, OK?
Third is Volume, with many big blue from suddenly break of Bitcoin, do you think it is trap?
INDICATOR: BITCOIN GO UP

I usd Fibonanci to caculate the target for Bitcoin, and you can take profit in any point if you think it is enough for you, it is your decision.

Thanks you for reading and dont forget put A LIKE!
Comment:
Hi every one, Bitcoin are dropping to right shoulder. Drop from 8400 to 7900.

Congrate for who shorting!

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