BTC Descending Triangle with possible breakout

2019년 1월 23일

Good morning guys,

and welcome to another idea presented to you by me, Muckrah.

What I currently see in BTCEUR is a Descending Triangle in the one hour chart. It is marked for you in purple. If there is enough volume in the course of the day it will breakout - perhaps tonight. Could be that we reach 3300€ with a pump up.
So please, pump it up a little bit. We need all your help!

What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.

See you guys, trade on, Muckrah

2019년 1월 23일

노트

One hour later... new candle opened... let's have a look on the situation.
It is still looking good, but (as always) we need more volume...
Fingers crossed. This time we will launch the rocket all together - with or without the bots :)

2019년 1월 23일

노트

Volume increased in the last hour. This is a good think. Looks good, but it has to go on like this in the next hours. We need more volume!!!
Now I am excited how it is going on.
What do you think? Please leave me a comment and a thumb up :)

2019년 1월 23일

노트

So far, so good. Perhaps the breakout starts in these seconds..!?
What's your opinion?

2019년 1월 23일

노트

That was a nice try to break out, but was catched by the bears again.
Also the volume was not high enough. So we have to regenerate and try it again soon.

2019년 1월 23일

노트

Our first attempt to beak out was rejected by the bears, but we are still on track, back in the triangle, and are able to push Bitcoin up a little bit.
But, I repeat me 100 times, we need more volume for a real breakout.
So guys, buy, buy, buy :)

2019년 1월 23일

노트

Still the same:
- inside the triangle
- low volume
- idea seems legit
I will update you later...
Trade on, Muckrah

2019년 1월 23일

노트

The last hour was very exciting. The candle went down, changed into red and at the end of the hour it went up again. Bulls and bears where fighting hard, but at the end of the hour the candle changed into green and was looking good :)
What's up next, where is the chart going this night..?

2019년 1월 24일

노트

New day, new luck. Nothing special happed over the night.
Very quiet, less volume, seems like all fell asleep. But now the sun has risen again and we are starting our trading day just now.
Hope we will see the possible breakout today. Fingers crossed...

2019년 1월 24일

노트

Looks much better now. Volume is increasing, green candles are climbing higher and higher.
Come on trader guys, push it higher!

2019년 1월 24일

노트

Ok guys, at the end it didn't end up with a breakout, as you can see in the chart below. But it was a nice try of the bulls to run away...