Bitcoin, ready to rocket again?

2018年9月24日

Dear followers,

Let's provide you with a Bitcoin analysis again:

Buy: If BTC pulls back in buy zone or if we break out the triangle, or if we receive bullish confirmation (1)

Targets:
Target 1: $7362,- (If already in)
Target 2: $8363,-
Target 3: $9848,-
Target 4: $11157,-

Sell: If a daily candle closes below red line (2)

Analysis:
Bitcoin is still trading in its big descending triangle. It broke an important resistance level last week, the 50ma. The 50ma might form a new support level for BTC in its effort to break out the triangle. A full breakout occures, if a daily candle closes above the blue resistance line. This might be a signal for aggresive traders to buy. The conservative trader can wait for a close above the purple line (1) Furthermore, the macd crossed positive (buy signal) and the RSI is neutral. We have to sell if a daily candle closes below the strong red support line (2)

Don't hesistate to ask me questions.

Happy trading and good luck!