Hi there, If you were following me on BTCUSD since last couple of days then you know we were looking for BTCUSD to form new high. I am still looking for one more bullish. We are having very nice Trend Continuation pattern which is about to break up. Watch bottom for buy. In case price do not hold and break below the previous low. The dont look for buy it can further push for downside then we will watch for the change in pattern formation and relook for the buy. So far we are in bullish trend and we are having a Trend reversal channel at the top we may see one more bullish leg in the pattern. Watch bottom of flag and look for buy. Trade with care and watch price action carefully if price action convince to get in the market then buy otherwise wait and watch how market react at the bottom of the flag.
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Nice breakout and continuation. Look for further upside. It has still potential for break up and continuation for further upside.
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Watch another breakout. Buying on the current breakout will carry a risk if you are already in from bottom maximise your profit watch for another breakout.
Wasn't Amazon rumour for 5400 to 6000 in 24 hrs on 25th?
Could it have gone lower and is day MACD signalling bearish?
Wave-Trader
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@1neeraj01, thats daily you need to figure it out what lower time frame is doing and how it is falling is there strength in the bearish trend or not if not it will surge more before fall