MMBTtrader

BTCUSD breakout happen as it was expected wait for real pump

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As we said in previous short-term analysis we were looking for real bull market and it arrived :

now for conformation of breakout we need daily candle close above resistance and then first conformation of rise is here.
second confrontation is when that price break local resistance of 40K

Targets and resistance ahead :
A.42K
B.47K
C.50K


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Comments

Bravo
awesome chart and idea
+2 Reply
If we do not break 40K do you b elieve we wiil try again after a quick bounce around 37k?
+1 Reply
Well analysis
Thanks for sharing my brother
Take care, Manh
+1 Reply
I am happy for this movement, I already in but I am going to add more funds in daily candle closes above 93300 resistance .
Thanks for your awesome idea and update.
+1 Reply
There hasn't been any breakout at all. Expecting a move past 38k to be any more significant than a move below 34k when the real range extremes are 29-31k and 40-42k is just meaningless.

I said it and I repeat it, until 30k and 40k are broken decisively, it is just a large range and trading within it will mostly lead to capital loss through stop hunts. The only potential plays are counter trades at the two extremes of the range with stop losses further than what everyone else is doing.
Reply
Gonna retrace first?
Reply
Nice trade overview, thanks for sharing! 👍
Reply
Great catch🔥💯
Reply
Needs more fuel
Reply