Rashad
Long

Bullish symmetrical triangle formed on BTCUSD. Over 400 soon!

BITSTAMP:BTCUSD   Bitcoin / Dollar
136 2 1
-After the head and shoulders pattern formed, a bullish symmetrical triangle formed. Look for a break out over 400 soon.
-Breakout at resistance line in downward channel
-Divergence between 10 Hour EMA and 21 Hour EMA shrinking
-Stochastic trending into oversold region. If a buy signal occurs in this region and %K and %D move back over 20, there will be strong uptrend again. If a buy signal occurs just above, you can still expect more uptrend.
-CCI Bullish signal cross. As well, CCI is trending Bullish . Suggests coming bullish conditions.

For these reasons I believe we could see a move back over 400 soon. Wait for stochastic buy signal. Wait for EMA Cross. CCI suggest coming bullish conditions. This makes sense considering a bullish pattern has formed.
BTC just went over 400. Maybe this will new uptrend will happen faster than I thought.
Reply
Rashad Rashad
Yup, it did happen faster than I thought. Should've drawn my projection a little shorter term. I hope you all are enjoying the ride up!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out