Bitcoin Uptrend - Triangle Stage
Updated
In short: Break-out UP is expected.
In long: Taking into account general Bitcoin uptrend, the price should break out the triangle UP after bouncing inside. However, there is a possibility that the price can go to 8500$ levels or even 7500$. Please use stop-loss just in case.
In long: Taking into account general Bitcoin uptrend, the price should break out the triangle UP after bouncing inside. However, there is a possibility that the price can go to 8500$ levels or even 7500$. Please use stop-loss just in case.
Note
Set sell order at 11550$. Just to be safe.Trade closed: target reached
Trade closed. Now expecting a bounce from 11800$ levels to 9700$ where we have another level.Trade active
Trade active
Level 8500$ is strong. In case 9700$ does not hold, we will dive to 8500$.Order cancelled
I was wrong about going to 9700/8500$ levels.Elliot waves clearly show the uptrend to at least 13800$ and probably even 0.618 Fibonacci level at 14500-14800$.
Trade active
Bought at 11800$ for LONG.
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