anilmangal

BTCUSD in consolidation

BITSTAMP:BTCUSD   Bitcoin / Dollar
2692 8 94
Hello traders, I don't trade Bitcoin             , I am posting this chart on request.
It is in a consolidation as I see it , this type of pattern can break both ways , to the down side it will mean more correction before the next impulse. To the up side will be another impulse

Trade with care.
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I totally agree with you. supply zone on second touch confirmed sellers and we've broken the trend line. I think its time to sell before its too late, what do you think?
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Based on past performance, i am seeing this break up to 500 in under a month and then steadily increasing to 650-700 over the next 2-4 months before another bubble comes into full swing.
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A bit late Anil...been long from the start of this leg up already.
You don't trade btc though, right?
+1 Reply
IvanLabrie PRO IvanLabrie
(My target is 622, more or less near your 5th completion)
Cheers!
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anilmangal PRO IvanLabrie
yes , i don't look at it much either, I am posting this on a request .
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IvanLabrie PRO anilmangal
Cool, has good odds to break up I think.
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Thanks for this! I was just lately interested in BTCUSD bc of the negative interest rates...
+1 Reply
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