$NCASH past Head & shoulders Pattern.
Timeframe: 1hour
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.
That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
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.