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Author Topic: [2016-02-11]Bitcoin Price Watch; Triangle Suggests Upside  (Read 181 times)
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February 11, 2016, 06:30:02 PM

Bitcoin Price Watch; Triangle Suggests Upside

In yesterday’s bitcoin price analysis, we focused on a head and shoulders pattern (inverse) that was forming on the intraday charts. The pattern suggested that – on completion via the breaking of the neckline – the pattern would give us a target of about $10 north of entry. We did get the break, and entered long as per our strategy. Post-entry, the bitcoin price gained strength, and we ran up towards our target. Unfortunately, before our target struck...

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