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cyatophilum
Apr 16, 2020 10:21 AM

Bitcoin Breakout Long

Bitcoin / TetherUSBinance

Description

Breakout of descending trendline.
We have seen price range narrowing for a month.
This is just how Bitcoin behaves: long sideway ranges then a huge move.
Get prepared.

15 Min TA shows 2 bull flags.

Comment

By the way my 2H bot is still short. This could very well be another failed attempt, it will buy if we cross 7200. I will keep you updated.

Comment

2nd bull flag canceled: broke through the bottom.

Comment

This looks like just a fakeout. I got hyped too fast.
My daily indicator is still bearish.
Comments
Zen-Trades
Fake out now?
cyatophilum
@colesy, Yes probably. I'd like to see a bullish Heikin Ashi candle on the daily


On the 15M it might be a bigger flat forming
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