Long

Next ISHS formation but greater than before

By orminlange

Updated

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possible targets of doubled ISHS formation

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So setting up pending buy order @ 4500, with sl under red lines (but SL in mind not in exchange). First target around 4900 but only if divergence occurs if not, waiting for divergences on higher levels.

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long position opened @ 4550

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Can BTC do 4900? I think he should do.

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If Bitcoin touch 4900 SL in mind should be moved to entry point (4550USD). Every retrace from 4900 to 4500 will be for me bearish signal. But i hope that 4900 will be only shortterm obstacle to move higher to 5400-5500USD area.

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Ascending triangle did'nt worked so there is another one triangle as always in case of BTC

So i say HODL! :)

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Uff thanks God my TP worked this night well, was so close to not be hited, but this drop now is very bearish sign for Bitcoin.

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Around 60% of ISHS formation fulfiled, and i dont even hope that 100% will be touched right now. So i stay aside until i see next price pattern on chart. Buying dips is also uncomfortable to me.

orminlange

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