BITCOIN POTENTIAL CHANGE IN STRUCTURE (18h)
Updated
Based on historical backtest of trade strategy.
18H BTC HEIKINASHI
If the candle closes at or above the indicated value of the purple line as shown,
typical trade is 23 bars with and average profit of 8.18%.
This would be a longer term/higher time frame change in structure for BITCOIN.
60k double bottom is still in uptrend. Lower time frames are consolidating, then higher.
Currently the price has traded into the the 66k zone, nearly confirmed in the 50% retracement of the Fib. from the 73.6k high. An 18hr buy signal would conclude 70-72k price targets and likely new all time high possibilities.
*** STILL PENDING AN 18HR CANDLE CLOSE ABOVE THE PURPLE LINE *****
Will update if / when the signal is initiated
feel free to message for signal settings
18H BTC HEIKINASHI
If the candle closes at or above the indicated value of the purple line as shown,
typical trade is 23 bars with and average profit of 8.18%.
This would be a longer term/higher time frame change in structure for BITCOIN.
60k double bottom is still in uptrend. Lower time frames are consolidating, then higher.
Currently the price has traded into the the 66k zone, nearly confirmed in the 50% retracement of the Fib. from the 73.6k high. An 18hr buy signal would conclude 70-72k price targets and likely new all time high possibilities.
*** STILL PENDING AN 18HR CANDLE CLOSE ABOVE THE PURPLE LINE *****
Will update if / when the signal is initiated
feel free to message for signal settings
Trade active
Signal is currently printing intra bar, usually its preferred to always wait till bar close. There is 4hrs left.
Potential 71k price target over 17 days.
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