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cryptoGats
Aug 5, 2019 3:46 PM

What is BTC trying to do? 

Bitcoin / U.S. dollarBitstamp

Description

Looking at the One Week timeframe, BTC is in a symmetrical triangle, it is moving to get to heavy resistance in the 13.5K area. Once it reaches resistance I will take my money out of crypto to see what happens next. It is very likely that it will retrace quite a bit in the following weeks. Even on the way down there will be lots of money-making opportunities. If you bought LTC set a stop loss at $96.00 and be ready to sell once it reaches the $110.00 area. Sit tight and we will evaluate our next move once we are out of this trade. This is a NO LOSE trade since we bought at 95.00 and have set a stop loss at 96.00. Questions? Make some comments and I'll answer.
Comments
BitcoinGLP
Daily chart- strong accumulation. Follow the MACD momentum (crosses up & down) on the daily chart and you will avoid being whip sawed and make your tax preparer happy ;-)
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