BitcoinLong
Bitcoin Bull Flag!
Updated
Hello my dear BTC traders!
Bitcoin is right now inside a bull flag, which could see some break & follow through coming. The bull flag is very similar to Ripple's. Ethereum is even stronger, building an ascending triangle, which you can see in the direct correlation of ETH/BTC. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin is right now inside a bull flag, which could see some break & follow through coming. The bull flag is very similar to Ripple's. Ethereum is even stronger, building an ascending triangle, which you can see in the direct correlation of ETH/BTC. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Note
Hey guys, just wanted to give a quick update: I personally got stopped out with ETH when there was no follow through on the break of the ascending triangle. For Bitcoin, the opportunity of a 4H equilibrium is still there if we can stay above 6.355 (on Bitfinex, saw that Coinbase went lower with the wick). Both ETH & BTC built 4H hammers on the dump: the bulls bought the dip. So: now gonna patiently wait for a new setup & potential break.Note
For the case BTC breaks bullish, I am personally looking at ETH, XRP and EOS. IOTA could also have a significant break above 60 cents, but, just like laid out here, ETH and Ripple are much nearer of breaking bull. EOS is mostly just more leverage than BTC.
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