BTCUSD (Coinbase) - Bottom Reached and Possible Trend Reversal

This is my first ever technical analysis.

There has been a significant downtrend through January which appears to have level out into a channel. Recently there were two Doji and Golden Cross which may signify a change towards some bullish action. Trade volume is still low but this may change on Coinbase as the US wakes up and begins trade. Look for BTC to cross and hold above the resistance line (around $11,600 USD), if combined with increased trade volume then I would expect BTC to recover sharply in the next 12 to 24 hrs.

評論:

Apologies cant work out how to insert zoomed out chart

評論:

Bit of a drop, but volume is still low. I still hold my bullish view

評論:

Still stuck in sideways channel but I think this is a good sign of consolidation before another run. Hasn't broken the resistance level of 11600. Nothing is certain for now but if it breaks and holds 11600 I'll be buying a bit.

評論:

Bullish V reversal with step and volume detected. I now know my stop-loss (11300) and will be looking to buy in between 11700 and 11800 after it breaks strong resistance line at 11600, I'm guessing tomorrow. In the mean time I'll be looking to set some targets.

評論:

comments welcome, including criticism

評論:

Who would have thunk it? Called it very very well on my first TA on Trading View. I'll close this and continue on a new idea I've created -

手動結束交易:

Trade closed as it appears that I was right and indeed BTC has reversed the downtrend, at least in the short term. I've started a New Idea to suggest a trade strategy: