abdullatrader

Bitcoin (BTCUSD) next move!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello traders!
Here is my first idea for 2018, happy new year!
As always, I like to keep my ideas clean and simple to understand. As I have mentioned above, wait for a breakout from the current trading ranges, I'll keep the idea updated as much as I can.

Let me know if you have any questions in the comment section below.

- Abdulla
Comment: We are still waiting for a breakout.
Comment: Sorry for being late in updating the idea. We got the breakout we wanted. Bitcoin should not go back to the trading range, otherwise, it will continue its bearish run.

For now, the target is $19000 (stop loss returning back to the trading range).
Trade closed: stop reached: Stop loss returning back to trading range = $15,700.
Join me on Telegram: https://t.me/abdullatrader
Thanks for your analysis and status updates. Here is my take on Elliot Wave Principle and Latest Bitcoin Prediction.
https://www.tradingview.com/chart/BTCUSD/bFEDfdkg-BTC-USD-Elliot-Wave-Theory/%22
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Please update the outlook
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Bravo! Your calculations are accurate and beautiful
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Perfectly touched the trend line, wouldn't you consider this the perfect time to jump again into the trade?
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Tope Tope
@Tope, @AAlFadhala, also it seems to be moving on a up channel instead of the horizontal resistance now that it broke it twice (with new highs).
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Market is completely down! lost on many fronts..
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@AAlFadhala any updates?
+1 Reply
Assalam Alaykum, welcome back Abdullah, we missed your ideas and analysis.
Good luck.
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Looking like a happy new year after all.
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Perfect analysis as usual thanks sir
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