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tcormier
Jul 3, 2019 10:59 AM

The pattern continues Long

Bitcoin / United States DollarCoinbase

Description

There's some pretty simple analysis that will show you that this is a time to long - you just have to draw your charts correct.

There have been 3 attempted breakouts of the recent channel, all of which have failed and brought us back into the channel. Each breakout is signaled by divergence on MACD & RSI, once the divergence is broken is a signal to initiate long position. We've seen both divergent channels broken after a failed attempted breakout. The first produced 24.98% in profit, the second 83.44% in profit.



We just received the signal to long again, couple this with a breakout of the short-term corrective channel and it becomes clear that now is the time to lock in that next set of profit.
Comments
rockcody
great
DACapitalTrading
Great setup, keep it up mate!
tcormier
@DACapitalTrading, thanks! Now comes the wait
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