Bitcoin is currently ranging within its support level.
A break from here and we can expect a possible print of a Inverse Head and Shoulders structure.
A confirmation of this pattern will lead Bitcoin towards the $6,700 USD range as well as a possible target of $7,000.
If BItcoin fails to uphold both support levels it is highly likely we will re-test our lows within the $6,000-$6,100 range before we can assume a bearish leg down into the $5,500 USD range.
Happy trading
Telegram link in Bio
A break from here and we can expect a possible print of a Inverse Head and Shoulders structure.
A confirmation of this pattern will lead Bitcoin towards the $6,700 USD range as well as a possible target of $7,000.
If BItcoin fails to uphold both support levels it is highly likely we will re-test our lows within the $6,000-$6,100 range before we can assume a bearish leg down into the $5,500 USD range.
Happy trading
Telegram link in Bio
Note
Note
Here is our route depicted with arrows traders.Remember this is our Bull Scenario
Note
Our current group trade setup - LongAnalysis is going well, now we wait to see if our Right Shoulder forms.
Note
Looking to close within the white box. A clear break above and we will see $7,200 USD. Over $500 USD per Bitcoin in Profit. VIP info is inside our telegramTrade closed: target reached
$6,700 reached. Great trade! Profits all around! We must break our neckline to confirm a push towards $7,200
Our longs are currently closed for a $500 USD profit
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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.