Bitcoin (BTC): Correction Levels
Updated
The previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open 
The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
Note
EOS trading in breakout mode: Note
As for EOS, we need to see 1-hour bar to close above 18.0 to trade the breakout. Alternatively, there is a short setup with good R/R: Note
BTC seems to be finding footing: Note
A bottom is likely in place after Bear Trap. Inverse H&S to confirm Note
Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin: Note
In the meantime, EOS has closed a bar above 18.00. 
Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
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.