TradingView
RSibayan
Aug 7, 2019 2:33 PM
Bitcoin Consolidating In A Horizontal Triangle
COINBASE:BTCUSD
30
Bitcoin / United States Dollar
Coinbase
Description
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Aug 7, 2019 2:33 PM
Trend On 30 Min Chart: Upwards
Breakout Upwards Probability: 50%
Breakout Downwards Probability: 50%
Expiration Time To Breakout: 24-48 Hrs
Support Levels:
1. $11,000
2. $10,200
Trade the breakout.
Warning! Watch for FU moves, high wicks, Bots hunting for stop losses.
Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.
Happy Trading Everyone.
Ron
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Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
4th's The Charm - Bitcoin Breakout
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Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
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Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Comment
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Aug 7, 2019 8:33 PM
Be Aware! Bitcoin In A Rising Wedge
Higher probability of a breakout to the downside.
Read more, click on this post...
Comment
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Aug 10, 2019 1:02 PM
Rising Wedge dominated, price broke downwards.
Trend Analysis
Chart Patterns
Comments
Bullandbeartrading
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Aug 8, 2019 1:12 PM
Powerful channel.
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