BTCUSD Massive Bull FLAG P/R=4

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looks like we are on the verge of breakout out of a major trendline. Over the last two months we have constituted a massive bullish flag . The upper resistance has been test 2 times. This time, the rally started near the resistance line and had a consolidation right below. This gives a better chance of breakout. This has already broken out to 10700 levels, however this is not a buy until the day closes above in the next 12 hours. We would also want good volume on that breakout. At least twice the volume of the past average. If you are an aggressive trader you would enter the position now, however since this is a major trendline, one should wait until we close above.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out