Long

The Bitcoin Breakout

Updated

Hi Traders,

Although i don't actively trade BTC.USD i have once again received a large number of messages asking for my insight on the next move.
I hope the brief analysis above gives a better indication of where i am looking at a break short term.

Currency Pair: BTC.USD
Time Frame: 1hr
Predicted Direction: Long

Live BTC.USD updates will be available in the comments section below.

Note

Note

A breakout has now occurred.

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A textbook break and retest of consolidation.

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A pullback to 16000 is possible prior to the next impulse towards 17500

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Video Analysis Providing Additional Information.

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Today's video outlook on bitcoin after the breakout.

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Many have contacted me for a closer view of the H&S formation on the 1hr TF due to the screen being a little small.

I have attached below.

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Live BTC.USD Setup.

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Trade Update Above:
Price approaching take profit, trailing stop loss is now advised.

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Video Trade Update.

UnknownUnicorn180388

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