RichardMunt
Long

We're free now!! Bitcoin up up up

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I'm new to TA, so be gentle..

Technically, on a very basic level, we are officially free from the downtrend. Although, I think the day needs to close above the line.

I have bought in a little already, but when I see some more confirmation, i'll buy again. In fact, I may place a Stop order to buy in at $10800.

Let me know what you think please folks..
We need a decisive break above the neckline and then we need to set a Higher High - Then there might be a reversal confirmed
Reply
I was also watching this. Was going to start a small long if we had a stronger candle break. Now waiting to see if we get a couple of days holding over 10k and then start to curl higher on some decent vol for an entry. Nice start on your tech analysis. Its easy to get caught up in every indicator under the sun but trendlines on their own can be really informative and simple to understand. Best of luck on your trade.
Reply
RichardMunt ormeytom
@ormeytom, Thanks pal.
I'm enjoying it actually. Predicting up or down based on the trends, then watching it happen (or not) in the following days.
Best of luck to you in the coming bull run.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out