Bitcoin (BTC): Bullish Fractal

By Nickonomics
Updated
From the standpoint of technical indicators, the trend is clearly bullish (MAs, RSI). So, I'm willing to take short position only if price breaks out of the channel. I would like to pay your attention to this fractal: snapshot
The only difference between these two is that they developed on different stages of the trend: the first pattern initiated the bullish trend, and the second may add fuel to it. Currently, the wave pattern is unclear, so I will wait to assess price's interaction with the 'Decision Zone' or the channel.
Comment
LTC: New high in sight snapshot
Comment
Price has reversed from 'Decision Zone' and is now testing the support area. Dropping below 9080 is not desirable for bulls snapshot
Comment
Breakout imminent in XRPBTC: snapshot
Comment
H&S pattern is threatening the market. Breakout strategy is activated: snapshot
Comment
Pullback within wave 5 of uptrend or C wave of correction? Big difference for day trading. snapshot
Comment
Breakout target was reached overnight. Flat for now. Chart update soon: snapshot
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternscryptonixtradingTrend AnalysisWave Analysis
Nickonomics
Сервис: NixService.net
Telegram: t.me/NixTrading
Волновой бот: t.me/NixJunior_bot

Related publications

Disclaimer