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BITCOIN RANGE LONG TRADE

Long
Bitcoin (BITFINEX:BTCUSD)  
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BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators rangebound rangetrading 50sma 100sma support BTCUSD Bitcoin (Cryptocurrency) bitfinex cryptotrading
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trendanalysis chartpattern indicator rangebound rangetrading 50sma 100sma support btcusd bitcoin bitfinex cryptotrading
Pair has been in a 1H range for a while
Price at bottom of range
Wicks at bottom of range shows no sellers
If price reverses it can rise to 50 sma and pause
Price could consolidate there or break above 100 sma
Price could then rise to top of range.
Commentaire:
15m/1H dual chart helps to follow price
snapshot
Commentaire:
sorry 1H - 15m
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Commentaire:
On our 15m chart we have either a bearish flag or an ascending channel
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Commentaire:
1st take profit hit
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Commentaire:
Price fell back into ascending channel
Price now has broken above channel
Price has entered 2nd long trade
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Commentaire:
Hit top of range take profit
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Commentaire:
Bounce of top of range short trade
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Commentaire:
Bullish breakout of range top
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Commentaire:
Price took out take profit at -61.8% fib like a freight train
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