After BTC left the triangle it has been moving in since last year it found support on an old fall from last year. As BTC is climbing now it will restest the triangle with a pull back. After that we should look carefully what BTC will do. The fundamental news about price manipulation had a big impact in the chart. Any big news could tumble or make BTC again....
Another reason for my buy, an 'Upward triangle'. This pattern gives a 65% percent chance BTC will break the 7751 zone.
I just bought BTC. As BTC moves fast I bought in the current downtrend. However, I see it reversing in the near future and resuming its way to the 8300 zone.
Here's an update to my other publishment on the 1 hour chart(instead of 4 hour). The Traderange is clear on this chart. I will be making my entry on this chart. After the next dip I will start trading.
BTC is fighting a zone. If the red zone breaks I'm buying. The last few days Bitcoin lost a bit of ground between fighting the red zone. If it reaches the green zone, I'm buying. The target zone is illustrated with a darker red line. The stop loss is the lower green line in case BTC reaches the upper green line. The uppergreen line will function as stoploss for...
BTC is fighting a zone. If the red zone breaks I'm buying. The last few days Bitcoin lost a bit of ground between fighting the red zone. If it reaches the green zone, I'm buying. The target zone is illustrated with a darker red line. The stop loss is the lower green line in case BTC reaches the upper green line. The uppergreen line will function as stoploss for...
BTC crossed the upwards trend and is batteling the 7600 zone. If the 7600 breaks by a closed candle, the movement might continue. Be alert for a retest of the trendchannel break.
BTC just crossed the channel upwards. If the current bar and the next bar close above the trendline the trend will most likely move upward.
BTC has moved upwards in the downwardchannel. The selling spree wasn´t aggressive enough. The next few 4h bars will determine if BTC leaves the channel upwards or will move more towards my buy zone. The current candle is a big one which would suggest power in the movement.
As a saw a lot of 'ideas' that suggested a reverse I posted this. The trend is still down . BTC will have to break the channel upwards at the arrow to leave the downtrend. Stay calm and wait for more confirmation before investing.
BTC has reached a previous bottom and seems to struggle breaking it downwards. If the bottom holds and it breaks the downward trend BTC may find power again to move upwards. If the bottom doesnt hold it will reach my designated buy zone. From there I will track which way the trend will develop.
As the traderange continues, I await for BTC to get to the buy zone.