MattMcilwham
Long

Bitcoin breaking local downtrend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             has just broken its local downtrend while finding support on an ascending triangle . This looks like a nice, slow accumulation phase.

The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position.

to confirm this uptrend, I would say that we need to test and confirm support on the old downtrend.

The red lines are long term support starting from the $3k and $5k region, I was looking at a short but now we have a solid accumulation phase starting.

Not financial advice, just letting people know what I plan to do.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out