Hello all,
The BTC is forming a new nice triangle pattern :
As always no one can be 100% sure of the direction that the Break Out will take.
The safest way to trade it is the following :
- Wait the start of the Break Out (UP or DOWN)
- Enter your position by following the trend
- Determine your profit target when you know the price of your entry
- Wait and adapt if needed your profit target to sold your position with I hope a nice profit.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, 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.
Version française ici : [FR] BTC - Triangle en formation - Break Out imminent
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It looks like up it is!
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I think it's gonna break upwards... like BTS a few hrs ago, I also watched that on the 5 and 15 minute chart and wow !
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Interesting how many people can look at the same thing and see something different. I see based upon volume, chart analysis and fundamentals a dark cloud just around the corner.
My thoughts are here:
https://steemit.com/bitcoin/@pawsdog/12-5-2017-the-market-view-and-trading-outlook
I welcome debate about the issue and any data to the contrary that would solidify any opposing hypothesis.
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I think it will stabilize in a while and will go up like a rocket.
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At some point it needs to stay accessible to new users. It's it runs up too high, it might become unobtainable for some people.
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thank you so much.. I am almost did not notice. good thing I saw this. This really helpful.
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interesting post. thx
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Yo creo que tendrá un retroceso de ser así llegaría hasta los $8000 o un poco menos.
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Ya veremos.........
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Daamnnnn 😲 time to change
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I'm guessing down.
Which will be good for some alt-coins.
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Your tricks are really goid
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this is really fantastic content for all of us.please all the time you must share this types of content.thanks for sharing
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We just broke upwards
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On the last breakout I lost something like $2500 overnight. Made it all back within a couple of days (without a single trade).
This next correction could be more serious. I think we are overdue for that next big dip- just in time for the Bitcoin futures market to open up and allow people to short the market maybe?
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You don't sound like a hodler... I was hoping the futures thing would still leave us a few days of growth. There's no real reason for a big dip right now, public interest is still growing.
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Breakout is weak, but then again we have two triangles - and so far we only broke one, while the upper triangle poses resistance...
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yes i agree with you
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Looked another way, there’s an ascending right triangle formation from the next high. Likely to hit 12.5K if the right angle bar is breached.
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Wow Great
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RSI levels are too damn high to take a long position on Bitcoin right now (although there is still room for the price to go up to a RSI level around 95. A major correction, likely going to 7000 euros (sorry, I am not working with dollars) or even to 6500 euros will probably happen soon. The price will find strong supports at those levels and only when it breaks through 6500 there will be a real mess. I am expecting the price to return to a bullish movement from those support levels though.
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