slayer2077

Retest during bull trend.

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
244 views
5
Support area based on swing highs and lows after the descending wedge pattern. Moving averages are all positive currently and price reaction to those key areas indicates further increases in price.
Comment: 100/200 acted as support. First target was hit. I was expecting the trendline to hold but now that we have the cross I don't think it matters.
Comment: Channel broken. Only had the minimum number of data points so not too surprising.

Comments

good job
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slayer2077 Turbodiesel777
@Turbodiesel777, Thanks!
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hey any updates
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slayer2077 nervandoig
@nervandoig, looks like we broke upwards out of a small wedge (5min). Seems to be retesting right now with the trendline being 50868 at the lowest point. Looks good. Might not hit that 50 EMA until later.
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nervandoig slayer2077
@slayer2077, alright do u think we should short or not at this point
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nervandoig nervandoig
@nervandoig, lots of people said it might retest 49500 roughly
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slayer2077 nervandoig
@nervandoig, Right. I thought so too, but the positive break from that trendline suggests to me that it's going to 52 in the short term.
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slayer2077 nervandoig
@nervandoig, well looks like we hit both lol.
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