TradingView
CryptoKraven
Nov 3, 2018 1:47 AM

BTCUSD - waiting for breakout confirmation 

Bitcoin / DollarBitfinex

Description

BTCUSD - waiting for breakout confirmation

MARKET STAGE:

BTCUSD formed a bearish Channel since 2 weeks

I have first signal for a breakout
I am waiting for confirmation

*Careful for bear trap

If i have the confirmation I am looking for, I will enter few trade in ALTS

BULLISH CONDITION:

- 4H candle closed above 6456, breakout confirmation

BEARISH CONDITION:

- 4H candle closed below 6391, back in the channel - false breakout

in this scenario, i will update my chart
Comments
CryptoFido
BubelBum
Bitcoin is in a downtrend for next 1-3 days
CryptoFido
@BubelBum,

Downtrending will be more than just days lol
More