BTC big H & S Update, big Picture
Hello Friends, Traders and Interested,
I got a lot of positive Feedback, but as well critical feedback, due to my big H & S - theory. But this different views and the critical words are important always to self reflect the own Idea(s).
Into the Chart.
As you can see, I am still into the big H & S. The only differnce to my past TAs is again a small correction of the neckline. And this correction shows us the possible target of this H & S. ===> 3 k.
And I opened a big Picture, so you can see which important area we might reach. Exactly July 2017, where the big bull run started. So it might be possible, that we have to go back again that deep, to repush BTC.
Until now we can see, that the H & S just retetested the Neckline after the first drop from yesterday. Now the Price could fall down, with a few temporary stops.
Important - as always - when I post an Idea here. All my TAs just represent my personel opinion. Absolute no trading advice. And,..... BTC is very difficult to predict, due to whales and many other unexpectable things.
Okay, trade all safe and on your own risk.
yours Sascha
A Like and a Follow makes me happy.
I will put a zommed 1 -hr Chart into the comments
I got a lot of positive Feedback, but as well critical feedback, due to my big H & S - theory. But this different views and the critical words are important always to self reflect the own Idea(s).
Into the Chart.
As you can see, I am still into the big H & S. The only differnce to my past TAs is again a small correction of the neckline. And this correction shows us the possible target of this H & S. ===> 3 k.
And I opened a big Picture, so you can see which important area we might reach. Exactly July 2017, where the big bull run started. So it might be possible, that we have to go back again that deep, to repush BTC.
Until now we can see, that the H & S just retetested the Neckline after the first drop from yesterday. Now the Price could fall down, with a few temporary stops.
Important - as always - when I post an Idea here. All my TAs just represent my personel opinion. Absolute no trading advice. And,..... BTC is very difficult to predict, due to whales and many other unexpectable things.
Okay, trade all safe and on your own risk.
yours Sascha
A Like and a Follow makes me happy.
I will put a zommed 1 -hr Chart into the comments
Note
Note
Next drop within the next 4 hrs? See Chart.Best whishes,
Sascha
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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.