BTC - Potentially Bullish Setup

16 ביולי 2018

Potentially bullish setup in BTC

-Coming off a minor (2 month) break of trend
-Tested and found support near flash low of 2/6/18 near 5,800
-Rounding bottom/inverse head and shoulders near support

If BTC can get a strong close (full bodied marubozu, no bull trap) above recent tops which are nearest resistance (6,800 to 6,843), then I believe we may see a surge up to around 7,700 (along upward sloping trendline of previous support, now resistance)

17 ביולי 2018

הערה

Things shaping up for bullish breakout. If we can hold strong on the daily close, original price target near 7,700 very attainable

17 ביולי 2018

הערה

Currently hovering around 7,300 (+9.5% on daily), assuming this doesn't all come crashing down, then I believe it will validate my previous notes regarding the inverse head and shoulders/rounding bottom near support, and should be indicative of bullish, constructive price action

20 ביולי 2018

הערה

As expected, we saw price action up towards our target around 7,700 which marked a natural reversal point, as we met resistance along the upward sloping trend line from February. Now we may see a cooling off period, or a retest of the original breakout juncture around 6,843. If we see a retest of that prior breakout and there is support, with price action reversing upwards and resumption higher, the next level to watch for will be a break of the 7,600 to 7,700 level, between the tops of early June and our top from today.

20 ביולי 2018

הערה

Forgot to attach chart to previous update. Looking for something along these lines: