BTCUSD - Analysis - April 22 2018
We have a descending consolidation triangle, which we need to break and confirm the direction of the price. The Fundamental news are very positive, so most likely we will go up!
MT4 indicator data points towards continued growth after a small bounce back from the green Moving Average line! Image for current chart, also there is definite support which we are currently pushing off from, 1 HOUR timeframe: ibb.co/dsAYeH
Overall it seems like a bullish movement, however there is a very strong resistance at $9,000, if a confirmed break of $9k happens, we will see a strong growth!
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MT4 indicator can be obtained here: Trade Hunter Indicator Script FOREX Bitcoin -0.77% Crypto Equity Commodity for MetaTrader4 MT4 with Email Alerts and Complete Instructions on installation and use strategy: www.amazon.com/dp/B07C67R36V
We have a descending consolidation triangle, which we need to break and confirm the direction of the price. The Fundamental news are very positive, so most likely we will go up!
MT4 indicator data points towards continued growth after a small bounce back from the green Moving Average line! Image for current chart, also there is definite support which we are currently pushing off from, 1 HOUR timeframe: ibb.co/dsAYeH
Overall it seems like a bullish movement, however there is a very strong resistance at $9,000, if a confirmed break of $9k happens, we will see a strong growth!
==========================================================================================
MT4 indicator can be obtained here: Trade Hunter Indicator Script FOREX Bitcoin -0.77% Crypto Equity Commodity for MetaTrader4 MT4 with Email Alerts and Complete Instructions on installation and use strategy: www.amazon.com/dp/B07C67R36V
Trade active:
Have set a STOP-BUY order at $9,074 if break through $9k confirms.
STOP-LOSS: $8778
TAKE-PROFIT: $9484
will possibly do stop-trailing + increasing the take profit if strong growth continues
STOP-LOSS: $8778
TAKE-PROFIT: $9484
will possibly do stop-trailing + increasing the take profit if strong growth continues
Comment:
It is still a triangle with still very strong $9k resistance, stay put!
Trade active:
Here is the expected strong move up, position is opened!
Comment:
With daily chart pointing to a possible reversal we updated the stop-loss to: $9173, since the position is well into profits and it won't be wise to risk those profits in current situation.
Trade closed: target reached:
Position closed with partial target reached. Very well profit!
Trading like a machine!