weslad

Bitcoin Consolidation Nearing its End

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BITSTAMP:BTCUSD   Bitcoin
As we await major breakout from long time accumulation zone on BTC, I spotted two different patterns during this accumulation phase.

First is Symmetrical triangle which signals to 6800-7000$ if BREAK UP.

Second is Bullish pole and Flag which also signal to same target at 6800-7000$ Zone.

Prefer buy level are shown on the chart with lable Buy level I&II.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
PINK : Possible Support LEVEL
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Handel aktiv:
Accumulation still continue

Handel aktiv:
BTC Showing some signs of recovery, if the day close bullish we will have Morning star formation on a strong support zone.

Handel aktiv
Handel aktiv

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