Bitcoin - Bear or Bull attack ?
Hello traders,
Here's a daily time-frame chart of Bitcoin against US Dollar, and as you can see the right shoulder is slowly being formed of the H/S pattern that was covered on last analysis we posted.
We are currently on an area of liquidity located between 8100 and 8200 which I'd like to call it a no mans land, because as you can see we've had multiple spike rejections from this level. It is also a crucial level to take into consideration because it will validate or invalidate the H/S pattern, we could see few spikes to around 8350 - 8400 in the next few days before melting and fulfilling the pattern. However like I mentioned the H/S can be very easily invalidated if we anticipate a clean break and close above the stated levels.
For detailed targets, take a look at our prior analysis as I cover the H/S with all the targets and key levels.
Stay tuned to our telegram channel for updates.
Here's a daily time-frame chart of Bitcoin against US Dollar, and as you can see the right shoulder is slowly being formed of the H/S pattern that was covered on last analysis we posted.
We are currently on an area of liquidity located between 8100 and 8200 which I'd like to call it a no mans land, because as you can see we've had multiple spike rejections from this level. It is also a crucial level to take into consideration because it will validate or invalidate the H/S pattern, we could see few spikes to around 8350 - 8400 in the next few days before melting and fulfilling the pattern. However like I mentioned the H/S can be very easily invalidated if we anticipate a clean break and close above the stated levels.
For detailed targets, take a look at our prior analysis as I cover the H/S with all the targets and key levels.
Stay tuned to our telegram channel for updates.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.