We can see here a Bullish falling wedge pattern on the BTCUSD pair. The 3 hour RSI has some more room to Grow, I see Bitcoin attempting to break resistance and fall back one more time. We are getting close to two strong support lines, the first one is holding since September '17.
Sell Range: 11850 - 12400
Buy Range: 8600 - 9400
In case we fall below the buy zone, next support will be at 5600. But there we will face a big buying pressure, so I don't expect this to happen. But you'll never know. I could also be wrong.
Sell Range: 11850 - 12400
Buy Range: 8600 - 9400
In case we fall below the buy zone, next support will be at 5600. But there we will face a big buying pressure, so I don't expect this to happen. But you'll never know. I could also be wrong.
Comment:
All indicators are looking good, there is still some room to grow. I will update once we enter the sell range.
Comment:
We are going through a small trend reversal. Already broke out of the wadge. Still looking good on the 6 hour timeframe. Looking forward to reach the sell zone
Comment:
Trade active:
We entered the Sell zone. Still not sure if it's going to bounce back to resistance. On the daily MACD and RSI we have still a big grow potention. I will wait that the price raises a bit more and then setup a stop loss within the sell zone in case the price will dump
Trade active:
Pretty happy with my prediction. There was a trend reversal as soon as we hit the sell zone and it seems we are heading right into the buy zone. Took some more time to develop but the trade is definitely valid.
Comment:
Trade closed: target reached:
Yeah! Entered buy zone! Trade was successful