Analysis of a potential break out trade for Bitcoin

in #bitcoin6 years ago

[BITCOIN 10 December, 1D & 4H Trend Line, RSI, Price Action and MACD Analysis]

Right click the image and open it in another tab to view the text. Alternatively, below is the text:

Potential RR ratio of 2.557 for a breakout trade,
assuming we don't get a break of the
double tweezer bottom we just formed.

4500 is the most notable target after a break
of the 3800 level due to it being the longest
holding resistance line in the short term.
Further resistances on the way up may be
3950, 4000 and 4380.

A move up to 4500 is most likely if
a) we have a candle close in the red box or above
b) a candle high above the thicker red resistance line
c) a candle high/close above the horizontal red resistance line

Yellow support lines here are less relevant
as there are no diagonal or horizontal support
lines with even more than two touces. These
are more meant as a visual guide to the zone
in which potential supports may develop in future.

Screen Shot 2018-12-10 at 15.05.40.png

I recorded a video explaining everything but for some reason it always takes at least 3 hours to upload the video and if my laptop accidentally shuts down within that time, I have to restart the upload. In any case, here is the explanation video which I recorded yesterday.

Sort:  

Congratulations @blockchainttmft! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 6000 upvotes. Your next target is to reach 7000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @blockchainttmft! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

thx 4 the upvote!

AlphaOmegaEnergy (aoecoin) the World's #1 Breakthrough CleanEnergy Startup is going on the Blockchain this year with 2,922 new techs.

  • We are doing a Seedround on Blockchain
  • Paying 300% Fixed Return Minimum to our Investors as a debt note.
  • Pre-sales are open now DM to invest.
  • We will be building power plants with our world leading technology, as an asset backed Blockchain. We are mining with the power we make, and building an electric plane and several scalable social enterprise divisions as well.
  • We are securing the Seedround chain also with 100% collateral in shares of the company and a debt note. We have every receipt practically in triplicate.
  • Make a Big Return helping us CHARGE IT ALL! And Change The World!!
  • We will Comment your post, follow, and or up vote every time you support one of our posts or make positive comments! All promoters send me your win-win services & solutions!

Can visit our steemit and check us out!
https://steemit.com/@aoecoin

We changed The World.png

Coin Marketplace

STEEM 0.19
TRX 0.19
JST 0.034
BTC 89803.98
ETH 3102.93
USDT 1.00
SBD 2.81