BTC - Weak symmetrical triangle breakout
Diupdate
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.
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.
Catatan
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.
Trading ditutup: target tercapai
Target reached, I've got in the mid 1100's.Catatan
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!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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