BTC in Bullish ABCD pattern

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin completed Bullish AB=CD pattern and we expect immediate rise with target at 6100$-6200$.

Possible Entry and exit targets are clearly stated on the chart.


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Trade active: On 1hr we have potential Bullish flag and pole in progress.

Trade active: After touching the top of the flag at 5645 and failed to break the resistance price turn back to attempt the other side of the flag but along the way there is this weak support at 5550$ which I expect to break through and have major bounce at 5395-5440.

Trade active: As we can see the price range is getting closer we should see some major move soon. I show case both possible outcome, if we breakup and breakdown the targets are shown on the chart.

Trade active: Price manage to breakout from the triangle, but the question remain could it be real breakout or just a fake out, best play will be to wait for pull back to confirm its intention.

Trade active: Price seems to do turn around at the base support of the triangle and presently aiming for another test on the resistance

Trade active
Trade active: Price is moving as expected daily candle closed with good formation.

Trade active: Price hit top trendline of the Bullish channel and this should provide some resistance, I expect price to pass through this but if failed we may re-test the bottom side of the channel.

Both possible scenario is shown on the chart.

Trade active
Trade active:
Trade active: Oh down we go from the previous setup above, this breakdown may likely take us to 5600$ again before next leg up.

Trade active: Downward move almost completed,

Trade active
Trade active
Trade closed manually: TOTAL REKT GUYS
I hope we reverse in any of these levels

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Related Ideas

weslad Crypto-Adviser
@Crypto-Adviser, thanks for sharing
Nice looking charts. I think its possible we see some sort of pump come in during the start of the Asia trading week. The question is do we start the week in green or red?
+1 Reply
weslad CopyPasteProfit
@CopyPasteProfit, that is big question.
weslad YungSwan
@YungSwan, thanks for sharing with us
It's more profitable to trade ETC now.
weslad bibboyne
@bibboyne, thanks for sharing
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