BTC/USD escaped from the descending channel(by falling wedge and formation of the pennant). Forming figure like Head & Shoulders with ascending wedge(last 2 weeks), we can notice double bottom(5785$). Possible turning : testing the broken ex-resistance of the channel, but BTC doesn't testing the great ex-support line.
Targets
7050$
7650$
Targets
7050$
7650$
Trade active
1DNote
Trade active
touched resistance line!Note
Note
Short-term, high probability to growth to the resistance line(neck of the H&S) - 6700$. Patterns by Alligator see in the circles.
Note
Trade active
Trade active
First target reached & almost 7650$.Last high - 7550$.
Trade closed: target reached
Note
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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.