Just broke out from its Inverse Head and Shoulders/Ascending Triangle pattern.
TP 1: 242 TP 2: 263 SL : 162.75 (168.66 - ATR) DISCLAIMER ON
There's an Inverse Head and Shoulders forming.
Will the price reverse now? Or will it continue to plummet to $42k?
I saw an area of confluence at around $40k - $42k. As you can see, the 161.8% and 61.8% Fibonacci retracement also the 55 daily EMA is currently sitting in that area. When the price reaches that area, there's a high probability that the price would rebound. So the $40k - $42k level is considered as a pretty good buy area. But there's also a probability that the...
It's kinda risky to go short when the market is in a strong uptrend like this. Imma open a short position when the price closes below F3. Then probably close the trade around 22-25k level. DISCLAIMER ON For sure
I guess we're in wave 4 rally. Expecting a wave 5 rally before a big correction. Target price for wave 5 : TP 1 : $39150 (Fibonacci 161.8%) TP 2 : $41200 (Wave 1 = Wave 5) TP 3 : $46200 (Fibonacci 261.8%)
We got a head and shoulders pattern forming on the 30m timeframe. Possible retracement to 161.8% fibonacci level is possible. Will this lead to a bigger correction. I'm still expecting a correction to the 21 weekly EMA.
Double bottom pattern. Let's see. IHSG also bullish . there's also some probability that the price will also touch 300 psychological level. TP :280-282 (23.9%-24.8%) SL : 190 (ATR) (19%)
Is it $100k, $300k, or $1M?
There's a double bottom pattern forming and the price just break out from its trendline
We hope that BTC would close above $19666 ATH at December 1st, 2020 00:00 UTC. That would be a strong bull signal.