A few months ago, I've posted an analysis for $BTCUSD (see related ideas) with potential bullish harmonics that turned out to be successful by pushing Bitcoin higher from the PRZ. The important thing that happened since than, is that the Bitcoin broke out of its daily downtrend line (weekly!)
With $BTCUSD now pulling back down, it is maybe a good time to look on smaller time frames to look for that reversal and continuation move.
A good longer term bullish confirmation signal will be if the price will manage to close above the Fast SMA line (that ended its small rally).
Visit www.themarketzone.net and sign up for the Elite Zone membership for more harmonics and swing trading ideas
With $BTCUSD now pulling back down, it is maybe a good time to look on smaller time frames to look for that reversal and continuation move.
A good longer term bullish confirmation signal will be if the price will manage to close above the Fast SMA line (that ended its small rally).
Visit www.themarketzone.net and sign up for the Elite Zone membership for more harmonics and swing trading ideas
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Reached target
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I guess I should have stayed in this trade a little longer :)
