I started this chart analysis at July, 29th. So far all works like expected.
A few minutes ago we broke out the important resistance at 280/285 what is qual to the FIB 50% of the all time high.
Sell orders are low. is high. Bitcoins all time high is backing our trend.
So, there is no reason to get out now.
All signs seems to clearly show that we easily will come back to older highs 320/360 fast.
I think after we will touch 300/320 there will be a small correction to 270-260 again what is maybe a good point to get in.
If you like higher risk you can get in at 280 – but that at your own.
At the moment I am already be long.
In case it touches $270-260 again I will double.
Stop loss will be at $230 for me.
While I wrote this we touched $289 already.
I wish you good trades.
Feedback & comments welcome
Next target should be 270-260. Other people expect it at $280.
I sold at $310 and wait for a while to get in again.
But we hit $276 a few hours ago what still is okay.
I managed to get long at $283 again with my initial investment (sold at $310) + some fresh extra fiat.
For the moment it looks like that we are failing to take out the resistance at $305-295.
If we break it we should see $320, $360, $390 and the moon as next targets.
Maybe with smaller corrections to the 280´s zone.
By the way:
The arrows on my chart are just for visualization and do not represent the correct timespan.
Happy trading! Always be careful.