BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In my usual fashion, I have perfectly called the timing here! If price continues to have momentum above the side-wards resistance level and use it as a support level , then this is an obvious time to get into the trade, not only this but you'd have a great RR ratio, and a clear and defined stop loss level too. I highly recommend waiting for this level, unless you're a VERY experienced trader you can start looking for entries right now.

As it stands, price has actually tested the side-wards resistance, and I highly doubt it'll break in this candle, I think more shuffling first. Alongs the LH is NOT violated, this analysis stands and I am bullish (Albeit short term).

Bear in mind the breakout move will almost certainly stiop at around 3500, correct and then become a 3 wave pattern. It wouldn't be logical to expect a impulse flat right now.

Also bear in mind that getting in this second isn't logical unless you really know your s***.

Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!

I will continue to update this analysis in real-time if this idea receives sufficient attention :-)
Comment: Breakout came just as predicted. :-)

Well done to anyone who followed my advice here, was an easy profit maker if you went in early. If you're waiting for retest on side-wards resistance as support before entry then this is also a good idea.

The entry style here just entirely depends on your trading style.

Please leave a LIKE. I'd really appreciate it. :-)
BTCUSD H4 Correction up. Checkout the idea detail's and update's for the complete picture!
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“In my usual fashion, I have perfectly ...”

Wow.
+4 Reply
Nevermake BorisPoff
@BorisPoff, indeed. Narcissism in its purest form!
+4 Reply
padmasan Nevermake
@Nevermake, Geezer's just winding you up
Reply
@padmasan, Thankfully someone can see that. I think @BorisPoff if just mad because I'm the best analyst EVER
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BorisPoff TomProTrader
@TomProTrader, I’d say your viewership is dropping. Check out stats. Look who is on top these days. Coincidence? Of course it is. Just a warm friendly observation.

You are the best. You are perfect. I like your posts very much. Would not unfollow. Thank you!
+3 Reply
TomProTrader BorisPoff
@BorisPoff, Yes the "top" does change significantly when you don't post for 35 days straight.

#Storydoesn'tcheckout
Reply
BorisPoff TomProTrader
@TomProTrader, Pro Indicators posts about once a month on BTC. When he does, it goes something like this:



Meaningful. Insightful. Educational.

Thank you! You are awesome!

#Storydoesn’tcheckout
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padmasan TomProTrader
@TomProTrader, Jealousy innit
+2 Reply
@padmasan, Yea scared of my skills
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