Bitcoin 100k, Bullish Jan 2020 Fractal
Updated
Hey, here I want to share with you bullish January 2020 Bitcoin fractal:
1) At first we have a Strong pump.
2) Then we have Fast correction (almost like a bart move wiping out all the gains)
3) Then there's a Thick and strong green candle engulfing all the dump.
4) Then we have Scam wicks into resistance line which eventually got broken with a strong move to the upside.
You can enter long on breakout of the upper triangle line.
Long isn't valid once lower triangle line is broken to the downside (short can be opened).
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1) At first we have a Strong pump.
2) Then we have Fast correction (almost like a bart move wiping out all the gains)
3) Then there's a Thick and strong green candle engulfing all the dump.
4) Then we have Scam wicks into resistance line which eventually got broken with a strong move to the upside.
You can enter long on breakout of the upper triangle line.
Long isn't valid once lower triangle line is broken to the downside (short can be opened).
Hit the LIKE button and subscribe for more!
Trade active
Idea is still valid, expecting W bottom with further breakout to the upside!Trade active
Intraday support line got broken, but now we are sitting at super support: 1) Multi month support line
2) 200 Moving Average at 4H at ~52k
3) 50 MA at 1D chart at 50k
Breaking 50 k can provoke a significant selloff and the end of the bull market
Note
Trade can be closed now or once 50k is broken
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