Bitcoin ABC further Uptrend as RSI Consolidates?
Higher lows, RSI consolidating and after uptrend bearish volume on a decline. Will we see a break-out before or on 7 January? I will use the following setup to long.
The first target would be a retest of current resistance at 4180-4220 #TP1, the target will be a retest of blue line 4420 USD #TP2, #TP3 will be 4566-4841 USD and if BTC would be very bullish (which I don't expect for now) #TP4 5179.6-5600.
STOPLOSS will be below triangle wave point C (3620 USD) and ENTRY zone from 3666-3750!
The first target would be a retest of current resistance at 4180-4220 #TP1, the target will be a retest of blue line 4420 USD #TP2, #TP3 will be 4566-4841 USD and if BTC would be very bullish (which I don't expect for now) #TP4 5179.6-5600.
STOPLOSS will be below triangle wave point C (3620 USD) and ENTRY zone from 3666-3750!
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Update: Think BTC will make bullish movement more early, by 7th it should have definitely seen minor upmove already. ETH is going pretty strong too, may be leading.ملاحظة
I've entered 75%, stop-loss in place as per chart, looking to add an additional 25% on dips.تم فتح الصفقة
Seeing a repeated Inverted H&S pattern, let's call it a triangle inverted head and shoulders wave :DAlmost at our entry point! Are you ready?
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Entries filled! Last inverse head and shoulders painted, all timeframes 1-12H look ready on MACD.ملاحظة
Measured Targets in Chart تم فتح الصفقة
The range is getting narrow now! Updated chart. تم فتح الصفقة
TRADE IS ACTIVE, left entry zone and above 3880. Good luck everyone! First target is current resistance, then 4400+, 4800 is strong reistance (take partial profit here for sure).ملاحظة
Have you noticed how Bitcoin repeatedly has hit 61.8% golden ratio? We hit the area where the Bullrun took off and this likely set a (minor) fractal to repeat. If we were to break above 5800 this will conclude a successive spring and bitcoin will have the potential to retest 23.6%-38.2% range ATH to Current Low.23.6% => 7092 USD
29.5% => 8812 USD
38.2% => 9577 USD
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Bullflag in the making, price closing inside after last minor dump, MACD is showing selling momentum is flattening. ملاحظة
We broke up from the bullflag. ملاحظة
Wow what a nice up! If BTC is able to go to Resistance Area there is a good chance it can go to 4800 USD أغلقت الصفقة: تم الوصول لوقف الخسارة
Hit my stop loss for now. If Daily turns bearish on MACD we can expect further downtrend after this rejection. 
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