andypro16

andypro16

According to the daily chart, we have broken the triangle and Bitcoin is now trying to retest the resistance line ( which was the support line of the triangle originally). To reduce our risk, it is better to sell some Bitcoins when the price hits the resistance area.

andypro16

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andypro16

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andypro16 Updated 

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andypro16 Updated 

the price pullback and retest the resistance level(neckline of the double top). therefore, we can short gold with target $1253 and sl $1326

andypro16 Updated 

Weekly trading range

andypro16 Updated 

beware of a fakeout testing the resistance line

andypro16

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andypro16 Updated 

the price pullbacks and test the resistance line. good opportunity to short as the support line of the rising wedge has been broken.

andypro16 Updated 

I draw a small uptrend. Bitcoin is now consolidating and approaching the decision making moment. If the triangle breakouts with a huge volume, then it will be a valid breakout and bring us to the 11500 level. If the triangle breakdowns with a huge volume, then btc may retest $7500 supports. A breakout/ breakdown without a volume is not valid which means it is...

andypro16 Updated 

my prediction

andypro16 Updated 

wait for breakout and enter long position

andypro16 Updated 

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andypro16 Updated 

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andypro16

don't trade until there is a valid breakout or breakdown

andypro16 Updated 

wait for pullback and short

andypro16 Updated 

If today's closing price is lower than yesterday's opening price, then it will be a bearish reversal signal on daily chart. We may further retest the 7500-7750 support zone.

andypro16 Updated 

:)