waasup everyone, so here is my idea...... BTC took a hit to the downside and a bit of fear in the air. However i can see some bullish signs, we are currently in this symetrical triangle, some may say bear flag. But BTC can break out of this. I will break it down... 1. Inverse Head and Shoulders 2. W pattern formed 3. A the bottom of its bigger ascending triangle and hangingl by the skin of its teeth still in the pattern. 4. Blue box is a possible range but i see a red vector at the top of that range not recovered, but the green vector ranges below are further away. 5.The 200SMA is a possible target after getting through the wave of moving averages above. 6. 4 hr stoch rsi is low aswell
I know i'm going against the grain here but the probabilities suggest upside it would wipe out all those short liquidations.
Im not 100%, i only know the fact of my own ignorance. There is also the probability that it fake outs drops back in the smaller pattern and dumps and just goes for them green vector ranges below. we will soon see, its only the 15 min timeframe
Everyone should always do you own due dilligence before getting into any trades.
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.
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.