Long Signal for BTC/USD

2018년 7월 17일

After yesterday's remarkable green candle my model gave a Long signal for #Bitcoin. We have two positive signs:

• Inverted Head & Shoulders pattern forming (A close above 6800 is required for confirmation. If it's rejected we'll have a serious downturn)
  
• Long term Falling Wedge pattern can be broken up to form a rally
  

Meanwhile price should overcome three major resistances:

• 6800, as stated above
  
• 7175, Ichimoku Kijun-sen
• 7750, a recent resistance
  

I should clearly state that this is probably going to be a counter-trend movement. If you're looking signs for a bull market, consistency above 9000 is your level.

Place your Stop Loss @6050 and don't risk more than 25% of your total capital.