BTC-WAVES, break from trendline with an engulfing candle pattern

8 ביולי 2018

BTC-WAVES: After a large period of consolidation, we now can see a potential bottom printed by a strong buying volume. We can also watch that the big buying volume was filled between the areas of the 88.6% Fibs of the big rallies of Jun 2017 and Dec 2017, and that it is converging with the trendline shown in the chart. We are just waiting for a trendline breakthrough to place our long order.