TradeIndicators
Long

BTC - Why $8694 Is Most Likely The Nest Stop

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hope this idea helps!
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We have done a comparison of all the breakouts we have had in this downtrend and calculated the percent the price moved up after these breakouts. We are seeing that 7% above a descending downtrend breakout line is not uncommon for the price to climb to which is why we are predicting $8694 as the next high before seeing resistance. You can also see that our Martin Buy/Sell RSI is not over the red sell line yet which means we have more room for upward movement.

Enjoy life, enjoy trading!
Travis

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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We have a similar chart! :D
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<script type="text/javascript">
var tradingview_embed_options = {};
tradingview_embed_options.width = '400';
tradingview_embed_options.height = '250';
tradingview_embed_options.chart = 'mQ8EvmKx';
new TradingView.chart(tradingview_embed_options);
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<p><a href="https://www.tradingview.com/chart/BTCUSD/mQ8EvmKx-BTCUSD/">BTCUSD</a> by <a href="https://www.tradingview.com/u/kniknox/">kniknox</a> on <a href="https://www.tradingview.com/">TradingView.com</a></p>
<!-- TradingView Chart END -->
Reply
kniknox kniknox
@kniknox, Opps i messed up. but here it is
Reply
@kniknox, Very nice! I'm with you, I think we are due for a long position :) Great chart.
+1 Reply
kniknox TradeIndicators
@TradeIndicators, thanks! yours too! Good luck and happy trading! :)
Reply
@kniknox, you as well, thanks!!
Reply
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