BTC - Nice triangle - Break Out soon
Hello all,
The BTC is forming a nice triangle pattern :
As always no one can be 100% sure of the direction that the Break Out will take.
The safest way to trade it is the following :
- Wait the start of the Break Out (UP or DOWN)
- Enter your position by following the trend
- Determine your profit target when you know the price of your entry
- Wait and adapt if needed your profit target to sold your position with I hope a nice profit.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Triangle en formation - Break Out imminent
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Hope to see some movement soon
I'm actually glad Bitcoin corrected, hopefully the price can continue up now.
same here
Bitcoin bounced back on Friday, after an eventful week for cryptocurrency, while CME Group (NASDAQ: CME) confirmed the launch of futures in two weeks.
On Bitfinex stock exchange based in the United States, Bitcoin is at $ 10,525.00 at 9:41 AM ET (14: 41GMT), up 6.24% after touching $ 10,760 earlier.
"As of Sunday, December 17, 2017, with a view to Monday, December 18, 2017 and pending any relevant regulatory reviews by the CFTC, the Chicago Mercantile Exchange Inc. (" CME "or" Exchange ") will establish the Bitcoin Futures Agreement. (code: BTC, chapter 350) for trading on the CME Globex electronic trading platform, and for clearing bid via CME ClearPort, "announces the stock market in a press release.
CME and its competitor Cboe had already announced that they would release both bitcoin futures this year, while Nasdaq also planned to launch its own derivatives contract in 2018.
Bulls' hope for digital currency is that the launch of futures will allow institutional investors to enter the game because they are generally not allowed to invest in unregulated assets. The launch of futures contracts can change the game because these exchanges are all closely supervised by the regulators.
@cryptopassion It seems we just had a breakout to the upward trend. What do you think at the moment? Hope you get to see this quickly. Do you think this is a nice spot to get back in or probably wait a little?
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Link= https://steemit.com/bitcoin/@usmanspall/how-to-double-your-bitcoins-in-20-days
Nice one @cryptopassion. You are right! No one can know right now if what we are having is a descending wedge or a bull flag but I am really and hopefully looking forward to a good entry point around $8400. Do you think that sounds realistic?
https://steemit.com/bitcoin/@demphil/btcprominer-life-is-the-leading-bitcoin-mining-pool-company-and-all-they-have-the-good-mining-power-is-backed-up-with-the
Have a safe bet. Know one can predict future. Hope for best
https://steemit.com/bitcoin/@demphil/btcprominer-life-is-the-leading-bitcoin-mining-pool-company-and-all-they-have-the-good-mining-power-is-backed-up-with-the
Isn't it awesome to know that btc was corrected... However, I wish it went down a little (3 to 5K)more so that I could invest in a little more... :)
Anyway, Enjoy your Cryptocurrency!! :)