I would be expecting a great up-move in the next following days, we just entered cloud and both RSI and MACD looks ready for the move up. Cloude will take us out from the big triangle so we could expect some great increase in price now. We also have STRONG support at 267USD. My buy info 260-280 and take profit from 380 ( this is high and I will update post if people are interested in this, because we maybe have to sell out before)
I have been selling at 270 and buying at 260. It seems like this is a pattern that will be hard to break. There is serious resistance at 280 and 300. A high of $380 would be great but I don't see this happening before the bitcoin (possible) fork occurring Aug 1
zuiddam
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we broke through 260 but still within support line.
volume is an issue cause it's looking terrible.
sell or keep ?
TedyTrading
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@zuiddam, You can see the volume is in the triangle looking for a break out. this will be very clear in high increasing volume and also break of support/resistance line. If you are already in LONG I would hold and not sell before we see a clear break of triangle support line at 250.
TedyTrading
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Hey !
I would not recomande to open any LONG trades at this time. Why? the 3 last candles fucked us quite big, and dropped us out from cloud. Currently we are at the 50% FIB line so we are in good support for now. Retest of the triangle support line before bounce may also be incoming. I will discuss this more in a new chart.
-Tedy
shadowforworld
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always interesting another ideas.
Thx.
zuiddam
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really interesting, i expected a move up and some big resistance around 300-330 but 380 would be amazing, why 380 as TP not lower?
TedyTrading
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@zuiddam, Yes we are going to have some resistance on the way up ( therefore I will try and update post if I see we need to get out.) 330 would be heavy to break, but after that 380 is in reach. When we first break the cloud and also the triangle i would expect enough momentum to reach a TP of 380