AbhijitRath

BTC towards 11167 dollars

Long
AbhijitRath Updated   
BITFINEX:BTCUSD   Bitcoin
Resistance level broke and heading towards 11167 dollars if it breaks further we will see BTC hovering over 11700 dollar level.

After 11167 dollars we may see a pullback towards previous resistance which becomes support and if the potential break out occurs we may see further down but not much and if it breaks 11167 dollars resistance we are heading towards 11700 level.. By March 2nd week we may see BTC trading at around 14000 dollars..

Cup and Handle pattern formation in the one-hour chart.












Comment:
Towards our target
Comment:
Trendline breakout successful.. :)
Comment:
Support broke
Comment:
That pull-back was awesome..
Comment:
Target reached successfully
Trade closed: target reached
Comment:
Little bit of correction and next stop will be 11777 dollars
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