Hello Crypto trading guys,
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since the breakout on the 17th of February in
BTCUSD
we are moving inside the Fibonacci retracement levels 0.786 and 1.0 as you can see in my chart.
I spotted a bullish ascending triangle in this uptrend and I have marked it in blue. You can see the Bitcoin chart bouncing up and down between the flat top line and the ascending line. Volume is decreasing, because it is weekend and many people are waiting before the place new orders.
I am undecided whether we will see the next pump up or a strong drop. I personally would refer a drop first before another big pump up. So I would have time to buy some more coins :) At the moment I'm just sitting here in front of the screens in my office, watching the charts.
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since the breakout on the 17th of February in
BTCUSD
we are moving inside the Fibonacci retracement levels 0.786 and 1.0 as you can see in my chart. I spotted a bullish ascending triangle in this uptrend and I have marked it in blue. You can see the Bitcoin chart bouncing up and down between the flat top line and the ascending line. Volume is decreasing, because it is weekend and many people are waiting before the place new orders.
I am undecided whether we will see the next pump up or a strong drop. I personally would refer a drop first before another big pump up. So I would have time to buy some more coins :) At the moment I'm just sitting here in front of the screens in my office, watching the charts.
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
Comment:
Again, a few hours later and we are still on track inside the triangle.
Nothing more to say at the moment.
Where is the next stop..?
Nothing more to say at the moment.
Where is the next stop..?
Comment:
Now we have the breakout try, but bears are fighting hard and we are back inside the triangle and up again...
Comment:
What a breakout in last hour candle. Wow.
I am so excited where it will end tonight...
I am so excited where it will end tonight...
Comment:
It´s really amazing. Bitcoin is still raising.
All are waiting for a retracement now.
All are waiting for a retracement now.
everything is going as planned.
We are inside the wedge and at the moment the chart doesn't move much.
Will it go up or down next? I am so excited and waiting for the breakout.
Up or down, doesn´t matter...