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TheViolentSushi
Jan 13, 2018 12:49 AM

BTC Trend Reversal Long

Bitcoin / United States DollarCoinbase

Description

-RSI divergence indicated a weakening in the bearish decline
-Second challenge to the regional lows failed to establish a new low and formed a flat broad consolidation floor indicating possible momentum change
-Subsequent ascending triangle seems well formed
-TDI flags a buy on the 9th around 13400 with a stop loss at 13000
-Breakout toward the top should be imminent

Comment

I'm new - be gentle - trade safe - enjoy
Comments
TheViolentSushi
Not great price action yet on the upswing but seeing a drawback in the alts which could indicate people consolidating into BTC for the ride up. Expecting a breakout any second now.
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