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Nickonomics
9 de Jun de 2018 11:14

Bitcoins Breakout Levels 

Bitcoin / United States DollarCoinbase

Descrição

Here is my take on breakout targets for both Bitcoins. A couple of things to consider:
  • BCH is stronger now, so if you're going long, consider BCHBTC for more gains.
  • The pattern is BCH is of greater quality, looks more safe, whereas a downside breakout in BTC may lead into the pattern's broadening.
  • Be sure to apply aggressive money management when working with breakout patterns. Move SL orders to breakeven as soon as the market allows for. The volume is so low these days, that it takes a couple of big traders to control the market (trigger your stops).
  • Correlations in the market are very tight, so you may find similar patterns in many altcoins.

Comentário

Targets hit for both BTC & BCH. If BTC drops below 7200, 6800+ and 6600 are exposed.

Comentário

All targets have been met.
If BTC price doesn't drop below 6420, the Triangle pattern of Daily timeframe will still be viable. Here is the wave count:
Comentários
IvanSavon
Nick - it can be inclined H&S ?

UnknownUnicorn2774089
scariest part to this crash is no one is buying back in, the market feels crushed by the endless pull downs
azariomalek
Hello , how did you get your targets ?
HamidFarhadi


As you can see on my 1st Jun analysis, I had predicted all the recent waves, and the market has so far nicely followed my lines. I will gladly share more analyses soon.

capamit2
FritzWagner
Very usefull, thank for the chart. Here i share mine:

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