After 9k Level a significant bullish candle is visible on 4h chart, It broke that green trendline and ran over 8400 in 15 minutes.
Question is : It is real reversal and next Bull run has started? We will know answer soon. First significant resistance at 8600.
It needs to cross 8600 and stay above and launch another shot
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That 8600 Resistance proved strong and BTC needs to do another attempt to break it.Note
BTC needs to cross 8600 and consolidate there and show bullish sign, till then be ready with stop loss .I will off for some hours , till then play safe . Protect asset.
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Aha, Rejected at 8600 level and fell so fast and now struggling at 8300 level, but volume is not enough . Hope you guys saved your money from this TA . If you like my work, share with friends and save them along with you. Note
A possible H&S building or bear Flag which can take us down again, Bulls need to do something quickNote
H&S Target is around 7900 . It may have some bounce on green trend line and then keep going down to complete target.Trade active
Are we still making right shoulder or a triangle is in progress? we will know soon.Note
That small H&S failed but triangle can still be in progress, that means we will have to look at bigger time frame for clear picture .Trade active
On Bigger timeframe we see some falling wedge:Trade active
On upside crossing 8600 and staying above is still very important .Trade active
On one hour time frame looks like making a symmetrical triangle and bearish pinant :Note
Triangle inside triangle , where we are going ?Trade active
Breaking down little bit, we need to wait for the close of couple of candles.Note
That tiny H & S inside the small triangle triggered it . H & S target : 8150 where we may see double bottom and can bounce .
Triangle target : 7900
Stop - Loss : Just above the right shoulder : 8460
But wait and see if next candle on 15 mins chart is rejected from lower line of triangle .
Note
Momentum is weak for down term, so it is becoming risky, do not enter unless there is next clear signal .Trade active
Update here:
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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.