Bitcoin is at a critical point
And the price is compressed in a triangular area
After leaving this area, we will have a very good movement
For short or long position
Keep an eye on this area
After exiting in any direction, you can enter a good trade
is on a Good opportunity for sell or buy.
but in my opinion , long side have better chance.
if price can break YELLOW area and hold , you can enter to a good long position.
if price can break RED area and hold , you can enter to a good long position.
Keep an eye on it.
It seems that the market can still grow a little
But we need to break the trend line
to move towards the above goal
You can see that the price has reacted to it once
If the trend line is broken
We will have a good recovery in AltCoins
And we can make a good profit
But its prerequisite is breaking the trend line.
It has not yet given us a buy signal
But the price seems to move in the flag pattern in the short term.
Suggestion: Do not trade at this time. To find a good point!
Maybe the high point of 2017!
Break is confirm
Price needs to hold this area!
maybe we have a fake break
you can buy now and put your stop loss (if the price closes under the area you can leave from this trade )
or wait for the pullback and then buy it...
note : market is very high risk on buyer position. please consider this and do money management.
You can see Log vs Non-Log analysis chart
if it does a good pullback, maybe we can see 36$ target!
you can wait for a pullback but please put your stop loss under trend.
maybe we can see a crash market!