Trade BITCOIN (Cryptos) like a champ. Join the movement & trade market with an edge. **Number is growing all the time **
Bitcoin is aiming for approx. 2,900 to the dollar $BTCUSD and these charts shows you the reason why:
In an earlier post I showed this chart:
The price target for this pattern (an IHS) is pointing at price being back at testing the recent all time high around 2750.
BUT I see price GOING EVEN HIGHER
I see target being higher due to another pattern emerging. Only one obstacle for bringing us higher price right now is the resistance shown on this chart:
Resistance area is the same as yesterday. Bulls need to gather strength after a huge run up and believe its possible. They are, cuz we have tested this resistance for a 3rd time now. One of technical analysis' grand old founders Mr. W.D. Gann saw that the 4th time would have "soften" the resistance and at the same time having given Bulls the believe in "Mission impossible"
So next test is theeee test of relevance!
I will go long after a confirmed breakout and selling into strength on the way up. The total gains possible for this trade is 525$ or ticks as its called in Forex trading. Not such a bad deal huh. ;)
Trades always have to be monitored and patience is part of trading so if you are not long already....wait for the breakout.
Last week huge gains and profit taking ended up in a correction that we nailed ( See STEEMit blogpost post here: https://goo.gl/vS7u7z)
Last week I stated covering the $BTCUSD trade. I will continue ahead to pay special attention to this pair. I will look at the Bitcoin trade from multiple time frames. You will therefore here at my account find a variety of analysis' on my account.
*Feel free to drop a comment or chart and let's nail the trade together... like we did last week when Wave 3 was Elliott waved and ended up making a Harmonic Bullish Gartley.
Spread the good news Resteem(it)!! and.....
Yes of cause I would appreciate an upvote to get the message out and have more followers gaining huge amounts on there accounts! Thanks in advance.
Best to your trading
WALLSTScalper.com
René
Would you like to learn technical analysis done the right way and be able to ride the Cryptocurrencies for gains the next couple of years ahead... Then throw me a message here or at my website WALLSTScalper.com where all we ever do is Scalping
I will then contact you.
(Remember to read the CFTC disclaimer at website).