BTC/USD - The Juicy Breakout! 3/6/18

in #bitcoin • 6 years ago

Suhdudes

So as discussed last post :
https://steemit.com/bitcoin/@sourlemonball/btc-usd-descending-triangle-of-juiciness-31-5-18

We have broken out of our mid term Descending Triangle.

Price is now travelling in a bearish channel towards the targetted numbers at the top trendline.

WE NEED MORE VOLUME.

A breakdown of the shorter term bear flag channel will suggest our top trendline targets will not be reached.

IF we are to reach these targets, this will provide bulls with an oppurtunity to break upwards, or bears to fight for a retest of the bottom trendline.

Again critical moments for #BTC with bulls vs bears fighting it out.

Check out my charts below, enjoy!

Breakout

Screen Shot 2018-06-03 at 11.01.24 am.png

Short Term Bear Flag

Screen Shot 2018-06-03 at 11.03.50 am.png

Legal Disclaimer: I am only as good as guesses and fibonacci , i love to share my information however i am not telling anybody to specifically follow in any of the trades or decisions i make. I win , I lose but at the end of the day i use this all as a platform to share my opinions on possible outcomes and trades i will be completing. Happy Trading!

#trendanalysis #geeme #technicalanalysis #cryptocurrency
6 years ago in #bitcoin by
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