Bitcoin is merely pulling back for another surge during Tuesday.
Updated
Please see my other charts on the bullish 1HR Heads 'n' Shoulders pattern for BTCUSD. I see further upside during Tuesday trading in Europe and New York for Bitcoin and Crypto in general.
Gold is also hammering bullish today.
See on this 1HR chart where price for Bitcoin has pulled back recently into the Golden-Zone on the Fibs. That is between, 38.2% & 50% copybook.
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I am still LONG BTCUSD. I am watching the 38.2% re-tracement level which is where price currently is getting some support. HOWEVER, this Head 'n'Shoulders pattern which formed a day or 2 ago had a very weak-Retest of sorts, so my feeling is that it may Retest again & break out again later in European & New York trading.
(* DYOR as well: My sentiments are not to be taken solely or strictly as financial advice)
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Bitcoin has so far held up nicely at the 38.2% Fib level & has resumed to increase in price. I will keep monitoring for you.
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BITCOIN BTCUSD 1HR Heads 'n' Shoulders...Price is currently just under the neckline & price is retesting this area for a possible breakout. I will monitor.Trade active
There is 1 bearish head n shoulders on the 2 minute timeframe. However, I doubt this will play-out at all & if it does it will be short-lived. There are 3 bullish head 'N' shoulders currently on BTCUSD so I think price will push upwards again very soon.Trade active
BITCOIN BREAKING OUT:Trade active
A pullback to the neckline on 1hr chart is complete. This looks to have legs again & at last sight is breaking out a few moments ago.Trade active
IT'S MOVING UP STRONG. BUY SIGNAL.
* Trading is risky. DYOR as well. Don't rely solely on my setups & information. But I endeavour to be accurate at all times.
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BITCOINS RECENT RETEST & BREAKOUT....SHOULD GET A GOOD RUN NOW IMHO.
*Trading is risky. DYOR. Don't rely solely on my financial advice.
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So what we in fact have here on the 1HR time frame in addition to a Head n Shoulders BUY formation, is Cup & Handle (bullish) and it appears that a handle is being written at present. So we want a push up over this handle eventually and the price action on the Head n Shoulders will recommence with a bit of luck. Cheers.
Order cancelled
As there is now an opposing short head n shoulders on the 15m I am cancelling this long trade for now.
Note
I am staying Long for now. But as often happens an opposing H&S has formed up on the 15M. I will advise future direction asap.Trade closed manually
59,330 is possible for bitcoin due to the bearish head n shoulders on 15m. I see a bullish reversal at this level to resume the bullishness long.
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Long Hourly H&S's... Let's get above the 50ema on the hourly!
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Bitcoin long Head n shoulders 1hr... price finally breaks out.
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We are still 1% to the breakout neckline... we might get there.. this is bitcoin!!
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