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weslad
Oct 20, 2018 6:23 AM

XBT(BTCUSD) in Sets of Bullish Formation Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

As the whole world await next BTC action, I spotted 3 different patterns in play right now on BTCUSD.

First, we has symmetrical triangle with target around 10,000$.
Bart in play with Butterfly formation with target around 9000$.
Lastly we has Bullish flag and pole formation also in play with target around 7000$.

Potential Buy zone remain 6275$-6335$

All pattern Stop loss is at 5927$.

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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.

Trade active

Flag formation still in progress,

Trade active

Price hitting the top trendline of the flag

Trade active

Hello people, please always report any comments that has nothing to do with current topic.i.e. post related to bot and whales with links

Some people are posting unrelated links that i suspected to be virus.

Please do not click on their links. Just flag it as suspicious post.

Thanks

Trade active

Comments
CryptoFido
Guess I was right :) ... how is the trade active where it failed the pattern ?!

ovidus
Great analysis again. Thx Wes.
Crypto_follower
Good analysis
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