I know I said 12 hundred pips at the end of video but it is 12,000.
Also be mindful that US30 likes to really push and spike so maybe wait for a nice little spike for your entry. Rather then being 2000 pips in draw-down.
The chart is pretty much self-explanatory. A small pattern for a retracement to create the right (inverted) shoulder pushing the price right back up to 1558 breaking the last week's high reaching the next zone @ 1562. Enjoy and happy Pippin'!
Let's work our way down the big time frame. Everything is color-coded as follows.
montly = red
weekly = orange
daily = yellow
4hr = green
1hr = blue
Looking at the monthly you can see we have a nice broken trend line that was never retested, same line in confluence with the 61.8% fib retracement level. This is where I see the price going and therefore my target...
As you can see on the weekly time frame, BTC had a nice fall since the beginning of the year but it looks like we can see some exhaustion.
At the bottom of the downtrend on weekly you can see we have a bullyish engulfing candle signaling a possible buy. Where is the last major broken support that hasn't been retested? 5700-6100.
Go down 1 frame to the Daily....
