Trade pending: Bitcon possible formation of chartist pattern!!!
Helo, in this analysis, I believe that Bitcoin is in formation of the ascendent triangle, that expectative is so bullish!!!
So, the only that we need to is to hope that the Bitcoin is leading to the little drop approximately until the $11,764 USD to buy in this zone.
So, checking this analysis, we need to be patient until the bitcoin is leave down.
Also as extra confirmation of support it will being that Bitcoin confirming this support line what in the past was the resistance, if Bitcoin making the confirmaiton of the ascendent triangle + the extra confirmation of the support line, we may to entry in long position with a price action strategy!!! That is the key of trading's success!!!
Now, the forecast is that Bitcoin in short term is leadin to the first objective the $11,284 USD, and the second objective that is we use the trend until the point of $9,800 USD from $10,900 USD, that movement proyect a bullish movement until the $12,110 USD.
Also guys, today I do not analyze Ethereum or Litecoin because I am so enfocous more in Forex for speculate news, so that trade is pending, in case that this analysis is invalided, and if we see another confirmation that BItcoin is broke up the resistance line that form the ascendent triangle and if case that Bitcoin make a pull back and confirming this pull back, I would make another analysis and look if there will being another long entry!!!
So, be patient and wait my forecas that Bitcoin goes to the $10,764 USD.
So, the only that we need to is to hope that the Bitcoin is leading to the little drop approximately until the $11,764 USD to buy in this zone.
So, checking this analysis, we need to be patient until the bitcoin is leave down.
Also as extra confirmation of support it will being that Bitcoin confirming this support line what in the past was the resistance, if Bitcoin making the confirmaiton of the ascendent triangle + the extra confirmation of the support line, we may to entry in long position with a price action strategy!!! That is the key of trading's success!!!
Now, the forecast is that Bitcoin in short term is leadin to the first objective the $11,284 USD, and the second objective that is we use the trend until the point of $9,800 USD from $10,900 USD, that movement proyect a bullish movement until the $12,110 USD.
Also guys, today I do not analyze Ethereum or Litecoin because I am so enfocous more in Forex for speculate news, so that trade is pending, in case that this analysis is invalided, and if we see another confirmation that BItcoin is broke up the resistance line that form the ascendent triangle and if case that Bitcoin make a pull back and confirming this pull back, I would make another analysis and look if there will being another long entry!!!
So, be patient and wait my forecas that Bitcoin goes to the $10,764 USD.