Long

BTCUSD (1D): Breakout above descending channel?

By cybernetwork

Updated

Continued analysis from:

BTCUSD predictions using FUSIONGAPS and PRISM oscillators

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Short (1D) time-frame.

snapshot

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Typo: (3D) not (1D) ^^

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Typo: Meant (3hr) not (1D) ^^^^ XD

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(1hr) chart with PRISM Signals and Cyber Ensemble.
PRISM Signals (base on pSAR/Momentum/Acceleration/Jerk oscillators) sell signal triggered. Waiting for price to return back down to ~8250 USD for a possible buy.

snapshot

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Sell signal triggered on Cyber Ensemble as well on 1hr chart:

snapshot

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Looks like BTC has more strength than expected. It has now broken above the VPVR level and found support over it. Entered a small long.

snapshot

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Will consider a significantly larger long entry at ~ 8550 USD

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Stop loss at 8150 USD

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