BTCUSD Buy the breakout of watch bottom for buy before breakout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone,

We are having another correction which is very nice watch for the breakout and look for buy on breakout.

In case if we dont see breakout then watch bottom for buy. Clear breakout if the previous low will invalidate the buy setup.

If we are going to see a bigger correction then we will look for the breakout of that correction as well same like this lower time frame.

Good Luck

Please support the setup with your likes, comments and by following on TradingView thanks
Comment: Correction is getting bigger so let the correction get bigger and then look for buy. I will update the chart soon with bigger correction
Comment: We are still on a correction for more upside. Watch for the breakout and look for buy.

In case if we dont see break up and this correction turns into much bigger then we will identify that correction and will look for buy.
Comment: Please support the setup with your likes, comments and by following on TradingView thanks


Why are you measuring time bars? Is there a good use from those? How is it called?

I want to learn more time-tools, and i've seen you do those a lot.
+2 Reply
I will follow your idea, now TL breakout, so I go long
+2 Reply
Walentine Walentine
@Walentine, very bad !!! stop out!
it would be great if you also mention major & minor support zones...!
+1 Reply
Walentine BobbyTips
@BobbyTips, he is only able to show two lines, there is little to learn...
+1 Reply
ok... did you buy that break out above $6750? or are you still waiting for a retracement? or is this entire move a "fakeout" and we now going to selloff to $3000?
+1 Reply
@Msparky, It wasnt a break, it was a attempt. You should buy at the pullback or wait for the breakout. My target is also $7100
+1 Reply
I had a question for your BTCUSD call, where do you believe BTC will top on the move upward? After that do you see it falling back down to continue its bear trend move.
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