weslad

Bitcoin approaching another strong decision point zone

weslad Updated   
BITFINEX:BTCUSD   Bitcoin
Hi guys, we still have this very long time Ascending pattern holding firmly and inside this pattern we has series of Bullish outlook where we have potential ISHS, Bullish Flag and Pole, Potential Cup and Handle formation.

Funny enough almost all the patterns shared same target which is in the zone of 5000usd.

We has two possible scenario right now, either we go for a test on the Neckline of the Ascending pattern and break it up for bullish momentum to sustain or price test the neckline and get rejected for a refueling again.

I will advice us to exercise a little patience to let BTC make its decision before we open a new trades.

I'm still holding large percentage of my BTC and some altcoins at the moment which I will not sell till BTC make its decision.

Kindly trade with care and always utilize the power of stop loss to help in minimizing the loss.


Trade active:
Trade active
Trade active:
Great breakout
Trade closed: target reached

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