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Bitcoin
Long
Updated

BTCUSD Can we have a more obvious signal for longing BTC?

553
Inverse head and shoulder. Huge volume breaks neckline.

Target 1: 7500
Target 2: 7800
Target 3: 8300
Note
Possible route.

snapshot
Note
Target correction
Target 1: 7350
snapshot
Note
Now btc is moving under the iH&S neckline. Very bearish move. It will trigger further capitulation if it breaks downward with huge volume.
Note
Hidden bullish divergence on 30-min chart. There is still possibility that we would see upward movement soon.

snapshot
Callmepope
We don't trade patterns. We draw them.
Beyond Technical AnalysisChart PatternsTrend Analysis

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.
Beyond Technical AnalysisChart PatternsTrend Analysis
Callmepope
We don't trade patterns. We draw them.

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.