Again, We are on $10600 level. But this time We are in better condition.
Breakthrough falling wedge pattern -> Breakthrough great bullish flag -> Breakthrough SMA 50 -> neckline from Inverted H&S is coming to break
DMI shows great signal for long
This is very low risk trade. Target is 24k, and stop loss lets us to loose just a few %.
Enter now or wait for 10100 bargain mode ( or check current update ).
Stop loss: 10000 or below (Check current update).
Breakthrough falling wedge pattern -> Breakthrough great bullish flag -> Breakthrough SMA 50 -> neckline from Inverted H&S is coming to break
DMI shows great signal for long
This is very low risk trade. Target is 24k, and stop loss lets us to loose just a few %.
Enter now or wait for 10100 bargain mode ( or check current update ).
Stop loss: 10000 or below (Check current update).
Note
Short term analysisTrade active
If the price holds above white local support We will experience next breakoutTrade active
For newcomers: Still this is good time to buy1D time frame
4hr time frame
Note
Update for 4hr time frame.This is short term view on next movement prediction. I count on 10900 on the dip.
But BTC seems accepting some of horizontal supports.
Note
4hr time frameWe are ready to attack last horizontal resistance. After breaking this We should see clear uptrend confirmed with volume.
Trade closed: stop reached
Stop loss. BTC shows sign of weakness, breaking support and opening long bear winter. I shall put an idea If this drop convinces me enough.
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Related publications
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.