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Tradingstrategyguides
Nov 21, 2017 4:38 PM

BTCUSD 1H Bullish Continuation Education

Bitcoin / U.S. dollarBitstamp

Description

Price dropped to 50% fib retracement then reversed long. First Entry would have been after 1 candle pullback @ 8010.00. Original buy stop was 8110.00. First take profit would be swing high. Price hit swing high and broke above it. Nice to watch and learn how this pair reacts to fast drops in price.
Comments
Tradingstrategyguides
Price did pull back to previous swing high and now is pausing. The what if scenario is happening now. If this happens (pullback to previous swing high) the 15m candles may go back into the previous swing highs range box. or they may bounce and continue the bullish continuation. Lets see what happens.
mix122
@Tradingstrategyguides, I think it will drop to 6-7k by the takers of profit and hard fork soon
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