BTCUSD - July 13th's green daily close supports iH&S
Güncellendi
Quick update as we closed our daily candle for July 13th.
The green daily close and volume profile support the inverted H&S pattern.
If this pattern were to come into play, the price action cannot retrace to the common retracement area of .786 of leading diagonals. But that's alright as the .618 level is being defended strongly and a retracement that steep is although common, but not necessary.
All in all, today (July 14th) is critical to watch as we approach the weekly close.
More updates to come.
The green daily close and volume profile support the inverted H&S pattern.
If this pattern were to come into play, the price action cannot retrace to the common retracement area of .786 of leading diagonals. But that's alright as the .618 level is being defended strongly and a retracement that steep is although common, but not necessary.
All in all, today (July 14th) is critical to watch as we approach the weekly close.
More updates to come.
Yorum
we also have a triangle formation in lower TFs, we have to watch out if we trade below the dotted line
Yorum
This is a H1 chart, we broke upwards. A retest can be seen in the 15 min chart.
Yorum
the .382 ret of the recent bear swing (~6370) needs to be cleared with conviction for us to give more credit to buyers
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.