I closed my previous BTC TA and here's new one to monitor. Everything important to me is drawn in chart.
Red average ema50 is very important for the next trend determine. Bitcoin could be also stopped at some important levels like 8500 & 7300usd, if 382 FIBO won't holding.
*This is not a financial advice.
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BTC is below daily 50 average / red line/ & to me still without volume and significant signal. 382 FIBO get touch and holding. Not game over yet. H&S could make some bonce, 4th sholder etc.. Legit are always accomplished patterns only.
*This is not a financial advice.
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I think, that 382 FIBO will be important and strong. Still completing the HS pattern.
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Still valid. Here it's 4h loog. BTC is below 382 FIBO of actual trend.
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Daily view. Currently atempt to break up from orange channel.
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... I meant LTC. It should go firts and you should definitely look at my LTC analysis too.
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H&S still valid. Pivot is at 10800 usd. Let's wait for candle close and second confirm.
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I have suspicion for a false breakout at daily pivot. Final push in LTC halving did not came and time's ticking. 24 hours left.
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Just redrew right shoulder. Still valid.
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Today Bitcoin will confriming above downtrend channel, or should fall back. Yesterday looked to close in & at UTC 00 jumped quickly above. Interresting ,maybe manipulative move... So let's wait for today close. LTC is below ema200 which could drag the whole market down !
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Bitcoin is close to breakout. Probably 1 - 2 days.
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I am looking right at 10k level. Here's with fibo 382 / 9536.30 usd / is the last chance to me. In other way I will recognize that is a B wave, very destructive .
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YOU can see that BTC is near the weekly 10ema ( blue ). Will hold ?
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Hard test ! Nice, will see further..
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If you wanna know the next move. Aim on 4h chart and monitor ema200&50 ( green & red averages ). Potential 4h death cross occuring. In 1h chart happened already.
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I am curious to see if rising support will hodl with 10k level. In real I'm fan of testing lows due to breakout from white pennant. But nothing is sure in crypto ;- )
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I also see a new, more legit HS forming at this picture. I will draw in in few moments.
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There goes... Full target after breakdown at 7k. Always wait for break.
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