BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Feel free to check my BTC /USD history analysis by clicking the small arrow in the chart.

Currently, I would cash out all my investment if this week candle fails to break out and close above the channel, and I will sell CFD BTC /USD all in target 6500, maybe 3500, and 500, then I'll heavily invest at that price.

PS: This trade fails if it can break out and close above the upper channel line
I'm not a salesman who sells a "Master class trading strategy." I'm a full-time trader, and I trade to pay my bills.

Comments

Check my idea

+1 Reply
GoldCartel LuckyTrader102
@LuckyTrader102, Thanks for sharing. I agree with your analysis, it seems like we looking at the same price action.
Reply
Hey bro, suprising to see you putting a BTC analysis out there, this is rare! I usually follow your trading strategy, you're a great analyst. Here I am trading the same descending wedge before the big boom, I gotta say $7,200 is looking like the strong bottom everyones waiting for from reading different analysis, I had my initial target around the same before I start buying in bitcoin again. Because of your analysis and I know you are clearly a great trader, ill be splitting my position from $6,500-7,200. I highly double itll even touch the $6k mark or below, although if it does it'll be a great buy opportunity too! Also note the entire crypto market cap (chart, have a look) is in EXACTLY the same kind of descending wedge pattern and about to break out with bitcoin, most likely to the upside too which should carry the altcoins up too. I'm giving it a few months for all this to play out. Thanks for your analysis as always.
+1 Reply
GoldCartel LouisTradesFX
@LouisTradesFX, Hey Louis, Thanks for the positive feedback. My specialty is in Gold but Yes I trade anything that moves and has a good risk-reward ratio. I agree, 6500 to 7200 was the major strong support. If later it falls to the bottom triangle and gets rejected, I reckon that zones could be the best buy zones. Thanks for the info, I'll check it out for sure. Have a great trading week!
+1 Reply
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