Jamie_Cheng

Jamie_Cheng Updated 

BTCUSD was forming a symmetrical triangle. By definiton of a symmetrical triangle, the chart should form LH and HL. The trend of an asset is defined depending on the breakout direction. A break above is bullish, a break below is bearish. Yesterday the price broke above the triangle, which could indicate a bullish trend. My trade setup: I personally have targeted...

Jamie_Cheng

Previous analysis General view I think we are still bearish for the next week. But I also think it is unlikely to go down to ~4k. RSI RSI never lies. From historical rsi data i think we can pretty much assume that we need to head oversold areas before we can go up again. At the moment the rsi is losing strength, so i think we go down this week. Fib...

Jamie_Cheng Updated 

Possible BITFINEX:BTCUSD target in green box, in my opinion tho :) Indicators - GANN indicator calibrated with previous lower price points. - RSI showing lower lows - Waves following WXYXZ rules pretty well - Price also bounces resistance line