BITCOIN - A Possible BUY Opportunity!

Two day's ago we had a higher high candle close (the candle which got a close above $8,000), a few hours ago we got a higher high candle close on the 1H.
This 1H candle was pretty powerful and the buyers pushed it straight through the blue counter trendline (down-trendline). Yesterday, I said that those two blue trendlines make a Triangle chart pattern. Triangle chart pattern has breakout opportunities to either direction and currently, we have upwards breakout confirmed on the 1H and on the 4H timeframes.

That's why I think we might see a small push upwards. I said small push because of the higher timeframe bearish sign, remember my last idea post, the last Weekly candle close gave us a really powerful bearish candlestick pattern called Evening Star but currently, we have a pretty good short-term buy setup.

If the market makers don't start to ruin some current action then we might see something like this: NyA8dvXk.pngThe trade criteria:

  1. Some hidden higher high candle closes on different timeframes.
  2. The blue counter trendline got cracked with a powerful candle. It shows that there is a lot of buyers and they together managed to push it above.
  3. The blue counter trendline worked previously as a resistance, the strong candle breakthrough gives us an indication that this trendline should start to act as a support.
  4. As you see on the 15 min. chart then there is previously worked resistance level which now becomes support.
  5. 1H EMA200 should act as a support level .
  6. Altcoins area on the recovery mode.
  7. The tiny short-term trend is upwards
  8. Golden crosses between different EMA's

The trade becomes invalid if the price starts to fall below the lower blue trendline .

The first target area should stay around $8,200
The second target should stay around $8,500

Do your own research and if it matches with mine idea post then you should be ready to go!

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