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Now we have a 5 bar compression pattern to break out from, either way. StochRSI has a higher swing low, which, in the recent past has been followed by an up move. As mention in my prior post, breakout patterns can got either way.
BITCOIN COMPRESSION BREAKOUT POINTS & PRICE TARGETS 01/27/18 @ 2am EST. BTCUSD is in a long & tight compression pattern with support provided by the Andrews Pitchfork S1 line, and a high to high trend line. With the past 5 bars being inside Bar , a decent breakout trade up or down can now be placed at the upper and lower breakout lines shown on the chart,...