We have kind of a solid triple bottom in the 4hr chart,,,
Sitting at a critical level... Breakthrough of falloff from this level possible...
I will set a Stop loss around 5580...
I am trading ETC. But if I was trading ETH then I would set my Stop Loss below 208.5 and I would also enter as close as possible to that level...
BTC is just the indicator. For high wins it is better to trade ETH, LTC or best in my opinion, if you are not on a long trade yet, ETC...
It looks even better in the ETC/EUR chart... Don't forget a tight Stop Loss...
Do we get the breakout? Tight stop loss...
Let's see if the neckline holds as support... We often see this pattern in Crypto...
I had a perfect entry at 9.48 and now I expect that this double bottom will play out...
Who knows? We could also get a short squeeze. But this scenario seems to be more likely...
Some kind of symmetrical triangle. It is more likely that it will break down in my opinion...
That would be nice... But you never know... If you don't know about "phases of a bubble" just check the internet...
Just compare the daily BTC chart with the weekly GOLD chart, then you have a nice indicator how gold might behave the next years... I can't show it in more details here because I didn't buy the pro mode to compare charts...
Of course this indicator guarantees nothing... But it is another bullish sign... I will trade BTC because it is less risky than Altcoins and I might swing trade to the target around 6750...
If BTC found it's low at 6111 then there is a chance for this double bottom in NULS, which has recently been listed on Binance. I think there might be a chance for a Altcoin runup. IOTA already startet a small runup. NULS has not...