Orbit of Fortune - BTC Analysis

26 juil. 2017

As you can see, it appears a falling wedge has formed throughout the day.
This has created a possible long opportunity for us all here!

or has it?

If you If examine multiple exchanges, you will notice that not all exchanges are giving the same signal.
As shown in the chart bellow it shows a possible descending triangle forming.
If this is the case, we will likely see new lows.

What to do:
IF BTC closes a candle across the dashed line activate a long trade.
Be sure to wait for confirmation!
I have indicated possible profit levels by the dark blue lines.
Always wait for confirmation! As you can see, BTC has tested this line several times without making a break for it. This can go either way!
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IF BTC fails to break the top of the wedge, we could see a break to $2250. So this could turn into a short opportunity!

We have been experiencing a lot of fud due to Aug 1st coming soon so this is just as, if not more probable.
As you can see throughout the Ideas feed, a majority of people are bearish at the moment.

I wish you all luck!

Descending Triangle:

27 juil. 2017

Transaction en cours

Long Initiated

27 juil. 2017

Note

Here is a closer look at profit levels.
May be wise to take profits soon.

27 juil. 2017

Note

The white line above is a major trend line that I have placed. There will be a lot of resistance for BTC to cross. IF I have not taken all profits by then, I will likely close trade, and then wait for a signal of a crossing to re-long.
Good Luck on the rest of this trade!

27 juil. 2017

Trade fermée: cible de profit atteinte