BTCUSD allready passed by panic lows and now building a reversal pattern. The pattern could be a classic inverted head & shoulders pattern.
Short term target is at arround 9.500 US Dollar.
Target should be reached until Sunday Evening CET.
Short term target is at arround 9.500 US Dollar.
Target should be reached until Sunday Evening CET.
Note
BTC stopped upside momentum @ 9.1k. Inverted head and shoulds pattern is still likely to occur:UNCH: BTCUSD: Inverted S-K-S closed to be completed
Note
Trade active
UNCH: BTCUSD: Inverted S-K-S closed to be completedTrade active
Bitcoin extended a rebound on Monday as the regulatory concerns that have plagued digital currencies this year showed signs of subsiding.Bitcoin climbed 2.6 percent to $8,774 at 10:26 a.m. in London, bouncing back by almost 50 percent since dipping below $6,000 in intraday trading Feb. 6, according to composite Bloomberg pricing. Alternate coins Ripple, Ether and Litecoin advanced at least 3.5 percent.
bloomberg.com/news/articles/2018-02-12/bitcoin-closes-in-on-9-000-as-regulatory-fears-peter-out
Trade active
UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed Note
UNCH: BTCUSD: Inverted head & shoulders pattern close to be completedTrade active
UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed Trade active
UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed Trade active
Target @ 9.500 almost reached. UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed
Trade active
Target @ 9.500 almost reached. Trade ready to close.UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed
Trade closed: target reached
TRADE CLOSED, target almost reached. This trade is closed because otherwise to many trading ideas are open wich need to be covered daily. To close USDBTC is no decission if BTC might rise further - or not.
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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.