InvestingScope
Long

BTCUSD: Bullish signal on repeated Triangle.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Following the support it found just below 3,700, Bitcoin managed to rebound to 4,100 but failed to sustain a stronger bullish momentum falling into consolidation within a 4H Triangle ( RSI = 52.245, STOCH = 47.818, Highs/Lows = 0.0000). As shown on the chart, that pattern has already appeared in early December and resulted into roughly a -11% decline before the eventual strong bullish sequence that led to 4,384. A similar candle sequence is expected, targeting 4,384 and 4,463.10 in extension.




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I love this analysis and it confirms the drop we are looking at too. We are shorting right now looking for a touch of the support. Great TA!
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NICE chart; head and shoulder?
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Bitcoin broke a triangle and a wedge , why is there no growth? What if a downward wedge is just being formed?

P.S. I accept thanks with likes and comments to the idea!
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I'm feelin' it!

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@nerdy007, Consolidating for the next bullish leg on 4H.
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BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture!

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@Boon2, Thanks for sharing boon.
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Boon2 InvestingScope
@InvestingScope, Similar idea's, lets see if it plays nicely
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Guys i want to know ...whether George is giving the data or not.Guys please let me know whether George is still by your side?
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While in the first triangle we entered from the upside, because we had a downtrend, in the second we have uptrend and the price is coming from downside. Doesn't that mean that it's more probable to exit the triangle with breakout toward upper targets if we look for some similarities?
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