IvanLabrie
Long

BTCUSD: Monthly downtrend expiration triggered a rally

BITSTAMP:BTCUSD   Bitcoin / Dollar
As expected, Bitcoin did rally from the previous juncture, but the advance has been slow.
We have a bullish weekly signal that aims for 282.94 by November 3rd, but rgmov isn't plotting new 2 month highs yet, so I'd be careful with it.

If already long, you can trail the stop to a bit under 235.
Seems like Bitcoin has upside left still, but keep in mind the strong resistance levels at 272 and 276.18.
In the short term, look for a new range expansion bar, so far all the bars market by my indicator by a green triangle have been working great as individual trade signals. This usually happens in strong trends...

Cheers,

Ivan Labrie
Time at Mode FX
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out