The Bitcoin/USD pair
- Was in a roaring uptrend since after the elections.
- Corrected to prior resistance now support at 74,500
- At present making what it will likely be a completed double bottom formation
- If it breaks 88,000 resistance, will likely travel to approximately 108,000
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Info only, not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com and ForexGuy.org@gmail.com
