GlenGoodman
Long

FRACTAL BITCOIN! Flags within flags for BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I love it when we get a nice fractal . Bitcoin has formed a bullish flag pattern in recent weeks, and it's still fighting resistance, trying to break out upwards. But today, it's formed a mini-flag pattern within the big flag pattern . Both the big flag and the little flag are bullish patterns, though as always, remember that bullish patterns only resolve upwards MOST of the time, which means sometimes they don't. I'm still long until further notice.
Comment: So the little bullish flag failed, but the big bullish flag is still in play. I remain long, but with a stop-loss below the big bullish flag.
Trade closed: stop reached: Stop-loss triggered yesterday, just below the bottom line of the 'big' bullish flag. I've taken my profits. The water's getting a bit too hot for me.
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This link should take you to your local Amazon site.

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Let's see how it goes!



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Butcoin is recovering, Yeeeeee
+1 Reply
GlenGoodman Andrew_Kay
@Andrew_Kay, Haha don't get too excited, Mr. Andrew Kay. Butt-coin still has to get through the strong resistance all the way up to 6500. ;-)
+1 Reply
Andrew_Kay GlenGoodman
@GlenGoodman, btw love your setups.
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