BTCUSD breakout update
Hi guys, updating my previous analysis on a short term continuation of an uptrend on Bitcoin.
Previous smaller patterns invalidated.
Bigger triangle pattern noticed, brakeout target is the same.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance below 14000.
Possible Eliot Wave 5 about to start forming.
Not financial advice.
Tell me what you think.
Comment your ideas, like if mine makes sense.
Cheers!
Previous smaller patterns invalidated.
Bigger triangle pattern noticed, brakeout target is the same.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance below 14000.
Possible Eliot Wave 5 about to start forming.
Not financial advice.
Tell me what you think.
Comment your ideas, like if mine makes sense.
Cheers!
Trade active
Note
Note
Note
closed the trade manually since we are overbought section of the RSI.So far I can tell that I almost nailed the prediction, but it's on you to tell me if it is good enough or I need more work to improve my skills.
Trade closed: target reached
So far so good. Too bad no feedback yet. testing the next macro fib (blue), should brake it after testing 3 times. if not, down to 15-14k for reconsolidation.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.