BTC - False Break Out - Consolidation not yet finished

in bitcoin •  6 years ago 

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

Today, we saw the start of a UP Break Out but it was a new trap of the market as you can see, the next candle has been a big drop candle which took out all the previous UP. We are now in the same scenario than before, just waiting the start of the real Break Out, UP or DOWN, we will see but I remain optimist for a new UP.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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I think btc will not exceed the upper limit of the B.B. within few days...

Posted using Partiko Android

As soon as we will have a Break Out, the BB will be broken and I don't think it will be so long to have have this break out. Let's see my friend.

Looks like a bull flag to me, what do you guys think?

Good analysis, this is indeed the correct pattern