Good day fine people! What an incredible week so far, I hope everyone has been riding this wave up! Let's jump to this analysis. On the hourly chart BTC seems to be forming a head & shoulder pattern. At the moment I am awaiting further confirmation by the right should being completed. This could lead into a correction which is long over do for. It looks like the .618 fib level that I've outline is cause downward pressure. However, the daily chart is showing a bull flag forming so this could be a consolidation area between $6900 and $7600. I believe BTC will continue moving sideways within this range into the new week.
I am long with a target of 10k within the next two weeks.
Will the honey badger prevail?! Stay tuned!
*This is not investment advice. This is purely for educational and entertainment purposes. Do your own due diligence.
Awareness618
I am long with a target of 10k within the next two weeks.
Will the honey badger prevail?! Stay tuned!
*This is not investment advice. This is purely for educational and entertainment purposes. Do your own due diligence.
Awareness618
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.