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Long-pattern

BITCOIN long opportunity!Hello traders! At this moment BTC had a strong rejection from 38.20% fib retracement. You need to remember that BTC is in a corrective structure right now. The correction is not over yet. Short term target will be inside the channel. We need to see how the price will behave inside this structure. If the price will not rise aggressively up to the top of the channel - green dotted line, then it's possible another down move. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
BITSTAMP:BTCUSDLong
by IQ
Can This Repeating Pattern Sustain?Looking back we can see a very similar run of 3 tests of support then drops below support then back to test the new resistance. Looking at the angles of these runs between the tests of Resistance we can see they are averaging around 58% We can see previously it tests 3 times before pumping up half way before coming right back down below support. This is something to remember. We could see a similar pattern form now. We have 3 tests of support which means we might have a nice little long to take advantage off.
Long
by Enum