UnknownUnicorn6047038

#BITCOIN - The price did Retracement

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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the price is in ascending channel and we have one more ascending channel inside. and price retraced from the support level from the second ascending channel , which means we can take a long position

if price takes a correction to the support trendline of the bigger ascending channel we can wait for the confirmed retracement and take a long position too

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Comment: three targets were reached) now please wait the update

Comments

Why wa she suspended?
+1 Reply
Do you sell on top of channel?
+1 Reply
@ttovmasy, hello) thank you for commenting and supporting this work
+1 Reply
@ttovmasy, no I think the priority is bullish while we inside of the ascending channel) now even broke it to the upward
Reply
insightful
personally expecting a correction here as the growth does not seem to be strong, let's see however
+1 Reply
@David_Smith, your work is great) thank you for showing it
Reply
@David_Smith, every author point on the horizontal resistance we have around 8k) very important level to watch
Reply
Hi Alex,

Thanks for sharing opinion of local targets for the near term. Below is my opinion for the mid to long term:

Stay Awesome!

David

"Three Scenarios on the Way to December, 2020..."
+1 Reply
@WyckoffMode, your analysis is good) thanks for sending it
Reply
@WyckoffMode, you great point out on the triangle we have at the bigger timeframe) mid term we should watch this formation and work inside until we break out)
+1 Reply
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