ajtuxworth

Testing break out from WoW formation

Long
BITSTAMP:BTCUSD   Bitcoin
Hey guys! I'm suspect of timeframes shorter than 4h unless you're day trading. WOWW formation for several days no has broken the upper channel, closing up ~5% on the day. We now have positive encouragement
To attempt reentry of this summer's upward channel. On the upside we can look at the 1$ trillion mark around 53,000. However If it fails we probably continue on a more gradual slide to 42,000.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.