Pips_In_Paradise
Long

Human Behavior I Love How it Works, BTC LONG

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Weekly
Highest timeframe showing last weeks test of $9,700. This week’s candle has tested minor support @ $8,700 and since then momentum has been bullish . Expecting a will fill towards $9,700 and a break through our resistance once volume & momentum pickup.

Daily
Looking over at our trend timeframe we see price has formed an ascending triangle , after it’s impulse leg from $6,800 to $9,700. Price then retrace from $9,,700 to $8,700 and has remained in between since. Stochastic RSI showing momentum a bearish , although there are no confirmations of a reversal. Waiting for a breakout before taking a position.

4Hour
Shifting over to our pattern timeframe we see price has remained inside our ascending triangle . Leaning toward bullish breakout. Double bottom formed inside triangle and above our support zone @ $8,700. Stochastic RSI showing momentum is bullish . Patiently leaning towards a breakout towards the upside.

Conclusion
Buy after price has broken out of pattern.

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