Hello and welcome on my first chart here on tradingview.
If my work helps you understand the current situation leave a like and a follow, as i will charting on a daily bases right now :)
So today we got ourselfs some nice BTC Chart and we see a possible Inverse Head and Shoulders Formation with a high resistance at 10.000$.
Actually the ristance sits between 10.000$ and 11.000$ so a lot of defense here. The RSI on 4h was also overbought one indicator why we saw a correction earlier this day.
Keep also in mind that the 10.000$ level is and will always be a important emotional price level for everyone.
If we rocket over 10.000$ everyone is going long in the hype, the whales and sharks will push the price and yourself again under water and under 10.000$ again to get your stop.
So wait for a good confirmation first.
I also pointed a nice divergence in the RSI Indicator which are also bearish and could point to the Inverse formation.
As pointed we could see a Inverse Head and Shoulders and for the moment we remain in this bullish pattern (big screen).
Thats my point of view for right now.
Thank you verry much :)
Like me and follow me for daily content.
You can also follow me on Youtube if you want. I creating there daily content too.
If my work helps you understand the current situation leave a like and a follow, as i will charting on a daily bases right now :)
So today we got ourselfs some nice BTC Chart and we see a possible Inverse Head and Shoulders Formation with a high resistance at 10.000$.
Actually the ristance sits between 10.000$ and 11.000$ so a lot of defense here. The RSI on 4h was also overbought one indicator why we saw a correction earlier this day.
Keep also in mind that the 10.000$ level is and will always be a important emotional price level for everyone.
If we rocket over 10.000$ everyone is going long in the hype, the whales and sharks will push the price and yourself again under water and under 10.000$ again to get your stop.
So wait for a good confirmation first.
I also pointed a nice divergence in the RSI Indicator which are also bearish and could point to the Inverse formation.
As pointed we could see a Inverse Head and Shoulders and for the moment we remain in this bullish pattern (big screen).
Thats my point of view for right now.
Thank you verry much :)
Like me and follow me for daily content.
You can also follow me on Youtube if you want. I creating there daily content too.
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.
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.