BTC Breakout or Washout ?

Bitcoin / DollarBitfinex

Description

⋅ Apr 5, 2018 8:00 PM

1. Support holds at $6000-$6500, we create a Adam & Eve Double Bottom, and break out of the Descending Triangle

2. Support breaks at $6000-$6500, we see a final washout/capitulation candle, before a major bounce to prior resistance around $10,000-$12,000

Either way, I'm ready and loaded to scale in on a breakout, or buy a dip.

Comment

⋅ Apr 12, 2018 9:26 PM

We had a bit of break out, out of the descending triangle.
This could be a fake out/bull trap, but it could also be a good sign for #altareback

If BTC consolidates here for a few days, we might see some life come into Alts.
There are several Alts with great setup, and also recent breakouts.

ADA/BTC, one that I'm very interested in, and started position sizing.

Also, I'm liking the setup on ICN/XBT