The Bitcoin Breakout
Aggiornato
Hi Traders,
Although i don't actively trade BTC.USD i have once again received a large number of messages asking for my insight on the next move.
I hope the brief analysis above gives a better indication of where i am looking at a break short term.
Currency Pair: BTC.USD
Time Frame: 1hr
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Although i don't actively trade BTC.USD i have once again received a large number of messages asking for my insight on the next move.
I hope the brief analysis above gives a better indication of where i am looking at a break short term.
Currency Pair: BTC.USD
Time Frame: 1hr
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Nota
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A breakout has now occurred.Nota
A textbook break and retest of consolidation.Nota
A pullback to 16000 is possible prior to the next impulse towards 17500Nota
Video Analysis Providing Additional Information.
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Today's video outlook on bitcoin after the breakout.
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Many have contacted me for a closer view of the H&S formation on the 1hr TF due to the screen being a little small.I have attached below.
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Live BTC.USD Setup.
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Trade Update Above:Price approaching take profit, trailing stop loss is now advised.
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Video Trade Update.
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