TimmiHendrix
Long

XBTUSD Falling Wedge Outbreak, Doji with High Volume - BTC Back

KRAKEN:XBTUSD   XBT / USD
The pull back of yesterday could be over!

We see a huge Doji candle with a high volume which indicates a reversal. This Doji formed at 50% fibonacci level --> Bounce off this support level .
Additionaly we broke thru the down trend line of the falling wedge . This gives us also a signal to go long.
RSI stopped going down and shows us a consolidation. DMI shows gives us the same signal.

If we break thru the double bottom neckline on 30min Chart at 8900 we should expect a continuation of the uptrend for short term which will tell us if the up trend on 4h has enough power to go further.

Here the 30min Chart:

Comment: It's on!

If the this 30min candle closes above 8900 we're up again!
Comment:

Almost did it, but we're still on!
Comment: Still in consolidation phase. Waiting for price action..
Comment: Seems like we're on track!

Comment: Next resistance @ 9600

Can we break it?

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out