courtsantos

courtsantos

Possible long trade set-up with Bitcoin.

courtsantos Updated 

Daily time frame displays a triangle break to the downside. Monthly charts shows strong bearish momentum. I would wait a couple of days to test the new resistance line to see if bears could keep bulls from gaining control.

courtsantos Updated 

Prices have broken through weekly and monthly support, followed by the break of the upward trend line and 50 EMA to the downside. 4hr charts shows a retest of the new resistance, but price respected level.

courtsantos Updated 

Looking at lower times frames, like the 4H, 1H, or 30 Minute charts, look for buy signal to enter market. As with head and shoulder patterns, looking at a profit range equal to distance between head to neckline.