BTC/USD - Real Time Update
"You can tell when you're doing well because people will get jealous and start to hate"
^ This pretty much has happened to me because I called the EXACT Bitcoin bottom and then went on to call the EXACT level to buy and then it continued going up regardless. I also did the same with ETH so well done to anyone who followed these analysis, we made some good money here!
Onto the analysis, Bitcoin has done a very nice corrective flag type pattern here and it looks as though it's just aching for more continuation around current levels. Price also hit the 0.382 retracement support level which is a nice hint that price might be going up more from here. I am looking for any entry after flag breaks AND retests the side-wards resistance at the top of the flag as a new support, or if experienced you can get in even earlier (Just like my last trade)
Bear in mind, that the move might not go immediately. It might move around in the flag structure before the move actually breaks out. Also bear in mind that if it breaks below the flag we should be considering invalidating this trade altogether and looking for something better in the near future.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will be going more in depth into this analysis if it receives sufficient attention.
^ This pretty much has happened to me because I called the EXACT Bitcoin bottom and then went on to call the EXACT level to buy and then it continued going up regardless. I also did the same with ETH so well done to anyone who followed these analysis, we made some good money here!
Onto the analysis, Bitcoin has done a very nice corrective flag type pattern here and it looks as though it's just aching for more continuation around current levels. Price also hit the 0.382 retracement support level which is a nice hint that price might be going up more from here. I am looking for any entry after flag breaks AND retests the side-wards resistance at the top of the flag as a new support, or if experienced you can get in even earlier (Just like my last trade)
Bear in mind, that the move might not go immediately. It might move around in the flag structure before the move actually breaks out. Also bear in mind that if it breaks below the flag we should be considering invalidating this trade altogether and looking for something better in the near future.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will be going more in depth into this analysis if it receives sufficient attention.
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