usmanshahid
Long

BTC/USD ( How to Trade)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Recently Bitcoin             has bounced from major support around 6400 and formed a new high,,
now been in consolidation phase for some time
Ascending triangle is in play,,
wait for breakout candle with closing above the ascending triangle which will confirm the further upward movement to Resistance 1 ,, possibly Resistance 2 after that
If market failed to break above the next level will be the support
Trade with Care
good Luck
Comment: i forgot to mention a support level around 7200 which is very important if ascending triangle breaks below
Comment:
Comment: GOing to Next Resistance
Trade closed: target reached
I think we have another resistance at 10k no?
Reply
usmanshahid AsmaHassan
@AsmaHassan, Yes there is ,, i just mentioned the Big ones
Reply
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