weslad

XBT(BTCUSD) in Sets of Bullish Formation

Long
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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
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Comments

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

Reply
Great analysis again. Thx Wes.
Reply
Good analysis
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