DatTong

BTCUSD - Break up from triangle pattern on H1

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Triangle forming on H1
Price broke up
--> BUY

Comments

Never predict something abt crypto based on TA ! :)
+4 Reply
Good call, but resistance at about 5770 may hold this back from the target. Bears have one more pressure wave left to go (always in threes and we just finished the second). Tomorrow will tell the tail! Fingers crossed! Been a tough, tough market for bulls.
+3 Reply
andoverg andoverg
@DatTong, Well, I expected resistance to hold under a third bear pressure wave, not a waterfall full of bears. Yikes! :-)
Reply
BTCUSD M15 expanding flat, More downside to come. Downside playing out nicely this far.
+2 Reply
Buy and get burned, price went down
+2 Reply
Nice one again @DatTong .

Good job.

Regards mate.
+1 Reply
wow.. that worked out great :)
+1 Reply
I drew the same tirangle but wasnt sure whether this would count as a "break up" because it looked like it went through just sideways... do you often see it actually going up further when the break out is so weak?
+1 Reply
MuMPiTz MuMPiTz
+1 Reply
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