GlenGoodman

BITCOIN (BTC) - bullish, bullish, bullish...bearish

Long
GlenGoodman Updated   
BITFINEX:BTCUSD   Bitcoin
Bitcoin's pattern is not clear. Anyone who says the April pattern is clear, is...well...wrong. These are the four main classical charting interpretations. I have a bullish bias because I think the upward-sloping bullish flag fits the pattern best. The bearish head and shoulders is sketchy, I don't find it altogether convincing...yet. It may develop further and become clearer, so I'm open to a change of heart. But for now, I remain long.
Trade closed: stop reached:
Stop-loss triggered yesterday, just below the bottom line of the bullish flag (top left chart). I've taken my profits. Chart still doesn't look terrible, but the water's getting a bit too hot for me.

THE CRYPTO TRADER: How anyone can make money trading Bitcoin and other cryptocurrencies

Published by Harriman House.

This link should take you to your local Amazon site.

getbook.at/TheCryptoTrader
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.