Bitcoin Consolidating In A Horizontal Triangle

2019년 8월 7일

Trend On 30 Min Chart: Upwards
Breakout Upwards Probability: 50%
Breakout Downwards Probability: 50%
Expiration Time To Breakout: 24-48 Hrs

Support Levels:
1. $11,000
2. $10,200

Trade the breakout.

Warning! Watch for FU moves, high wicks, Bots hunting for stop losses.

Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.

Happy Trading Everyone.

Ron

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Check out these still valid mid-term outlook for Bitcoin using:

Support and Resistance Lines

The Trend-Based Fibonacci Extension Tool

Elliott Impulse And Correction Waves

4th's The Charm - Bitcoin Breakout

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Check out these still valid long-term outlook for Bitcoin using:

Bitcoin ABC Elliott Correction Wave & Gann Boxes

Bitcoin's Most Common Reversal Levels

Fractals: Hmmm, Pretty Similar To Me Bitcoin

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Check out Bitcoin Cycles

Bitcoin Cycle Of Rise, Peak, Drop

2019년 8월 7일

노트

Be Aware! Bitcoin In A Rising Wedge
Higher probability of a breakout to the downside.
Read more, click on this post...

2019년 8월 10일

노트

Rising Wedge dominated, price broke downwards.