BTC-USD - ARE WE FORMING AN M PATTERN?
Hello traders,
looking at the 4H chart on BTC-USD , we seem to have formed a double top and initiated an M pattern, which the target would be the full leg of the first formation.
This is a trade in which we should be cautious, with a stop less at the double top in case of an unexpected reversion.
Altough we are in a bullish trend this seems like a small correction at the mid term happening.
Good luck everyone.
looking at the 4H chart on BTC-USD , we seem to have formed a double top and initiated an M pattern, which the target would be the full leg of the first formation.
This is a trade in which we should be cautious, with a stop less at the double top in case of an unexpected reversion.
Altough we are in a bullish trend this seems like a small correction at the mid term happening.
Good luck everyone.
Not
BTC just invalidated this pattern, and just broke our resistance.
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.
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.