BITCOIN - HEAD AND SHOULDERS PATTERN

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Hi guys , today I am be here for update analysis of Bitcoin for all you - my brother, thank for be here and now we are researching about it

In last day many people and members inbox me ask about the price BTC can bounce up for they sell and wait lower zone to buy

Hard for predict right now because I think we have been manipulated so much at this time when market cap is small and time for easy news can Big Boy action.

But remember this is the first maybe only one period from the strong downtrend up to now that we have 1 up correction wave so we can hope higher or equal target with 45xx$.

So check for some signals I see at right now.

In RSI ; we have RSI divergence in last short term and we are in Bullish Flag Pattern in RSI - potential pattern for going up

In price we have Inverse Head and Shoulders Pattern and we have not break up the neck line in this pattern so hope we can break up 4115$ ( neck line zone ) for hoping we can go up to 45xx$ - 47xx$.

Consider about Pivot Point, we are in S1 and P is 4115$; we also need to break P to come up to R1 ( 45xx$ )

TD - Sequential show we are in 6th bearish candle so hope more 3 bearish candles before going up again.

The target 45xx- 47xx$ as same with my last analysis in here:

Bitcoin ( BTC/USD ) 30 minutes analysis with Elliot Wave Method


Hope I can help and bring some thing value for all you guys - my brothers

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BTC LONG is going up as the chart
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BTC SHORT is going down
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Guys, I also check the chart for BTCUSDLONGS and BTCUSDSHORTS ; and you all see that BTCUSDLONGS going up and BTCUSDSHORTS is going down so the price BTC/USD has potential for pumping !
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Daily 1D chart has been updated !
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Leave for this post more LIKEs, thank for all you guys !
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BITCOIN 2H - WAIT ACTION OF MARKET
BITCOIN 2H - WAIT ACTION OF MARKET
Chart PatternsTechnical IndicatorsTrend Analysis

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