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Jan 25, 2017 1:00 AM

BTC/USD Possible bullish breakout. Long

Bitcoin / U.S. dollarBitstamp

Description

If the next following candles will break [895.94] level (blue line) BTC might go up.

Comment

Price will go up from $10 to $20, the line is broken now. Lets see what happens!

Comment

Green arrow represent the 885.54 Fibonacci Retracement line. Watch that line if price falls don't panic until the retracement line is broken.

Comment

We need to wait for the third attempt to break blue line to confirm up trend. The retracement line wasn't broken so market is still in our favor. There is a good chance to open long position right now!

Comment

The line is broken and the spaceship is ready to leave earth!

Comment

Here we go! Looks like it is not stopping any time soon. We should expect a small drop, that is what indicators are showing right now, but it doesn't mean we won't go higher.
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