tntsunrise

BTCUSDT 2nd rally is coming

Long
HUOBI:BTCUSDT   Bitcoin / Tether USD
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333
BTCUSDT 2nd rally is coming

After 2 month's consolidation
BTC formed a tri-angle
and now is broken
therefore we can buy BTC and aim 10k / 12k
Comment: 10K HIT
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Comments

Are you sure about that? Bitcoin is well known for its deception and fake break-out's...
+12 Reply
Ellionator ReallyMe
@ReallyMe, In what trade is anyone sure. This is about probabilities and we are looking at a breakout from consolidation... If you want to be "sure", avoid the markets in general.
+5 Reply
ReallyMe Ellionator
@Ellionator, Can you quantify the probability?
Reply
Cenotaph ReallyMe
@ReallyMe, only the OP can quantify his strategy and thus probabilities. Ask TNTS.
Reply
tntsunrise ReallyMe
+3 Reply
ReallyMe tntsunrise
@tntsunrise, Very good! The chart speaks for itself. Let's hope the uptrend is sustainable. Thanks for sharing your good ideas!
Reply
NuggLife tntsunrise
@tntsunrise, G.O.A.T.
Reply
Sorry but I just see an horizontal range on your Huobi daily chart
It could totally stop at 10k and then go back lower imho
With two weekly rejection candles confirmed by good volumes, I guess we're going for 10k8 max, but it won't break easely then
We could still see 7-8k levels again

+3 Reply
Phi-Deltalytics GreenValleyTrading
@GreenValleyTrading, I agree.
Daily RSI at key resistance, 4hr RSI is forming a bearish divergence, 1hr RSI entering bearish trend. The 5 Elliot wave to the upside is finishing. I think regardless of a bearish or bullish bias for the mid-term, a downward pressure is due soon.
Reply
GreenValleyTrading Phi-Deltalytics
@Phi-Deltalytics, And look at this SP500 chart
It may be at the edge before major correction
Reply
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