Hello traders! Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull Flag Target - 16600$.
Is it safe to buy now for short-term? - No, we should see some retracement in next few hours. Is it safe to hold it? - Yes, in long-term we in bull market. What about altcoin market? - Some of them will move in downtrend to important support zones. Some of them will follow bull phase.
交易开始
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Retracing from Flag resistance! Bullish reversal at 9900-9600 levels, might turn bearish for short-term if break flag down.:
交易开始
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Price of BTCUSD trying to fix on resistance line, nice
if i dont see i nice breakout i dont believe on uptrend yet, last comment update i post the next move i believe
FloTi
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When is it best to get back in? I thought around 9780, what's you opinion?
cycler
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@FloTi, hold? I would. what if fa bull run starts.
MarkH99
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@FloTi, if it breaks downtrend resistance, than that would be the best price to get in, since it means there is great potential for a bull run
portfoliox
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it didn"t break out yet, your line is lower than it should be!
ArShevelev
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@portfoliox, yes, it didn't, i mentioned that: "...trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$. "
Casey7485
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you should use bitstamp otherthan bitfinex
tosmartak
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Thanks a lot. I have been considering if there would be a retracement with the way the market has been acting so I can buy back in. Thanks a lot for the update and looking forward to the retracement in few hours time.
kdikyurt
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thanks
pierogr
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Breakout alert ! Open your buy positions fast fast