ant187

BTC - Weak symmetrical triangle breakout

COINBASE:BTCUSD   比特幣 / 美元
Good morning traders,

Today it looks like BTC             3.94% had a breakout of the symmetrical triangle. When these triangles form, they have a 64% chance to break upwards, with all the negative indicators however I believe what we are witnessing is capital flight from alts back into BTC             3.94% .

This could mean a couple of things, either the movement picks up more steam, and will attempt to reach higher, or it will be another failed breakout where we will test the lows of the triangle again, with another possible break downwards to lower lows.


Key Notes:

1) Currently, we have two 1 hour reveral doji's in place which could send this thing back downwards.
2) The 4 hour MACD has not crosses the 0 histogram, the bulls need to push this higher for the next few hours to bring a crossing up, if successful, we will be seeing BTC             3.94% going up further.


If you like my ideas, please hit the like button, it encourages me to continue charting and sharing with the community.

Please see the picture below for possible buy zones if the triangle breaks down and ends up breaking downwards.

As always, I will continue to update this idea if it reaches 15 likes.


snapshot
評論: Looks like the failed breakout I spoke about earlier happened, we're now looking at a break down of the symmetrical triangle. BTC needs 12800 to hold otherwise we could be seeing 11k range BTC tonight.

If you find these ideas helpful, please support me by liking and following.

snapshot
交易結束:目標達成: Target reached, I've got in the mid 1100's.
評論: Just to clarify, I have bought in and am now long. Look for resistance @ 12k, 12400, 12800, 13k, 13300.

We should now be in a new range of trading at these levels.
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!

Live Streams @ https://www.twitch.tv/cryptocrew
Twitter: https://twitter.com/CryptoCrewNews
I had the same feeling about this small gain, there is almost no volume driving it. I cashed 35% of my LTC yesterday on a peak, waiting to see what this thing does before I put it back in. Thanks again for your thoughts!
回覆
ant187 PRO BigD1702
@BigD1702, We shall find out, bulls need to keep pushing to sustain the breakout, if they can get that 4 hour above the histogram it's off to the races.

I find it much more likely that people are scared crapless by the moving average crossings, so they exited the alt market and are looking for an exit to fiat, but who knows I'm a pessimist.
回覆
BigD1702 ant187
@ant187, In this game full of people screaming MOONSHOT every 10 minutes, I prefer a pessimist.
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出