Hi guys from our previous analysis we pick out good Long zone and price did well yesterday by gaining more volume after breaking out from its DIAMOND Pattern.
This analysis shows potential wave pattern of what to expected in a short term.
Our focusing target for now is 3900-4000$.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE RED: Possible Support LEVEL GREEN: SELL TARGETS
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Thank you
Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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Clearer view on 1hr timeframe. Please always stay in with your stop loss as we are all Btc to be game of whales nothing is sure .
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This is one of our update where we suggested to you guys to pick BTC at 3463$ level, who so ever that follow this should have a risk free trade by now. Lock in profit and let aim for 4000$ to sell and buy lower again.
Guys please leave me like to appreciate my work.
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BTC is well surrounded with strong resistance and support, this is strong accumulation.
That trend line/ upper side of the triangle is a strong magnet, we confirmed bullish momentum on the higher high and higher low we made today on the lower tf. It seems that we are in a bullish channel within our bearish flag
weslad
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@Crypt0J1m, please share your chart mate, seems interesting with your description. Thanks
@Crypt0J1m, yes this is what called my attention too, I wonder how will it break down without going up first. Thanks man you made my decision stronger.
Crypt0J1m
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@weslad, We need to trap more longs before we have FUEL to go down!! Glad we are seeing the same thing, Im sure many other people are also, which is bullish