BitcoinLong
BTCUSD: Buy breakout
Updated
The cryptocurrency has already broken out of the recent corrective structure it was confined to and now looking for a break above the immediate down trend which is seen as a larger degree correction of the main up trend, this would see the cryptocurrency heading towards $700 mark within a few days. An end of this corrective structure would result in a resumption of the main up trend and we should see it soaring towards new highs and nearing the all time highs around $1100.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
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