Traders,
Here we have BTCUSD D chart.
Currently we have a critical situation I will try to explain every pattern we have in this chart in a few points:
1- Descending Triangle
By breaking this freaky triangle BTC have no choice except to obey the pattern and goes to 5500$ levels where the 78% fib level, but we will have a little bit resist at golden one 68% level
2- Bullish H&S
By completing this pattern we will have 12k levels again forming double top pattern which still bearish for BTC
3-Bull Trap
This scenario when we will see breaking of this triangle with only wick for a day or to then will going bearish completely again
4-Like if you appreciate this idea and kindly check related 21 updates.
Regards,
Mohsen
Here we have BTCUSD D chart.
Currently we have a critical situation I will try to explain every pattern we have in this chart in a few points:
1- Descending Triangle
By breaking this freaky triangle BTC have no choice except to obey the pattern and goes to 5500$ levels where the 78% fib level, but we will have a little bit resist at golden one 68% level
2- Bullish H&S
By completing this pattern we will have 12k levels again forming double top pattern which still bearish for BTC
3-Bull Trap
This scenario when we will see breaking of this triangle with only wick for a day or to then will going bearish completely again
4-Like if you appreciate this idea and kindly check related 21 updates.
Regards,
Mohsen
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Market analysis, scalping calls, Binance Alts signals and real time news & Sentiment on:
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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.
Market analysis, scalping calls, Binance Alts signals and real time news & Sentiment on:
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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.