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BTCUSD: Weekly signal active

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This is an update to the #BTCUSD chart, based on the last weekly signal that was confirmed recently. Dips towards 9080 or a tad lower would bea very low risk buy to ride this move, or to add to existing long positions. My clients and I are long from 6450 here, and have been trading short term positions on the way up since then. I expect a bit more upside during next week, to then retrace a bit before moving higher again.

If you're interested in getting real time updates for my trade signals in #BTCUSD, contact me to get a free 1 month trial for my signals service, or to get skype lessons to learn the Timemode method from me. There's limited availability for now. Lessons are one on one, to benefit the most from mentoring sessions. Send pm's or reach out to me at Facebook or Twitter for more details on how to join.

Cheers,

Ivan Labrie.

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The weekly buy zone was hit, near 9080.

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Daily might trigger a new signal pointing to 10053-10890 by the 20th, or sooner...IF we shoot up within a few days, whilst holding over 9280.

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#BTCUSD is trading over the strongest potential resistance level at 10350...if it holds over it, upside will be strong over time

If bears don't fight back and make us retreat, we're in for an explosive rally soon.

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CME #BTC futures chart is very important now. We retested the downtrend mode, where most of the distribution took place at, right on time. It might take 1 more week to break over this level. It's been 2 weeks fighting supply:

Breakout would take us to 22k

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Constructive action in #BTCUSD, holding here sideways for a few days will result in a trend continuation signal, to resume the weekly forecast (cyan box)

2 more days will give us a new 12 day mode (same size as the consolidation that formed after the 6425 bottom, good for continuation: reaccumulation). By Friday we may see a sharp move up, triggering an advance once again. This would be likely to occur if we hold here sideways, which is logical given the weekly chart and the bimonthly chart implications.

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New 12 day mode formed, and a signal triggered, so this brings back this scenario as high probability. We need to move over this 10350 zone soon, and never look back.
If volume grows during the day and prices stay near the highs and don't erase today's opening price again, the chart points to 11185.24 by March 5th:

This would ignite a short squeeze probably. Let's see how it goes. If we don't risk, we won't earn.