CryptoForexGem

Guys, keep calm, just look at chart.

Long
BITSTAMP:BTCUSD   Bitcoin
Ok, i know that you are all looking for some setup to join the trade. But, keep calm. With BTC it's important to have patience, and remember that patience is always the key for the money. Now, look at the chart. Look at the first big arrow, when trend has started to be bullish. It taken about 6 months to reach the top. From January to June, next it has slowly come back to 7500 dollars. I have marked a possible flag pattern with red lines. Is it clear? Next, with the blue line you can see an accumulation zone, a sort of inverted hns with a broken trendline (the blue line), next price has broken the flag pattern (the red line), and price has started to be bullish again. What's next? Look at past records. Price has started to be bullish in January and has reached the top in June... what can you expect? The second big arrow show's a possible top to be reached about the 7th of May, but only if we will broke the big triangle (Black lines). If not price can get back, or if we will broke the gray trend line we can reach the blue support soon. I will keep you updated :)

Greetings, S :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.