BitcoinUpdated Bitcoin
After completing the clear 5 wave , now its a lower high ..
Long term view is still bullish but it has to follow the DOW THEORY .
Till that time , lets play the 3rd of C down side for brief correction it may be 3-3-5 . Beautiful classic Head And Shoulder .
No jump short entry it may become a triangle also, MACD is near zero line ..possible 4th , wait for either side .
Bullish again if it break the Trendline above .
Not an investment advice, only for study purpose.
Long term view is still bullish but it has to follow the DOW THEORY .
Till that time , lets play the 3rd of C down side for brief correction it may be 3-3-5 . Beautiful classic Head And Shoulder .
No jump short entry it may become a triangle also, MACD is near zero line ..possible 4th , wait for either side .
Bullish again if it break the Trendline above .
Not an investment advice, only for study purpose.
Trade active
Now its a failed Head and Shoulder with prominent shake out . Trendline Breakout and volume confirmation. a correction in lower time frame and when it align with higher time frame is my next entry .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.