Based on our trading system we see further indications that the Cryptocurrency bull market could continue.
What we see on the 4H chart of BTCUSD is a possible bullish flag pattern, the RSI indicator is at its lows which could indicate that there is more room for upside and a potential breakout in the new trading week of the blue resistance trendline.
Price has been, and remains, in a bull market and we are very close to the yearly and all time high (ATH).
Attached are two related ideas we are already in, XLMUSD and XRPUSD buy, however we bought these physically and didn't trade the price, but we are looking to trade the price on BTCUSD when we get a valid entry signal on the minute charts (10m, 5m, 2m)
Do you have a prediction on what Bitcoin and other crypto pairs might do?
Comment
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Taking a short-term sell before we go long (if confirmation exists for long)
@tuckerx2, Its all speculation at the end of the day, trading risk for profit. Our system says this is a possibility and if it does a test and gives the indication to go long on the short-term charts, we'll take it.