Get started
Bitcoin

BTC H&S fractals, down to $10300 before CME

By usgol_crypto
Updated
3 H&S fractals on the 1H chart, we are near buy zone before CME closes and the uncertainty is clear.
Heading towards 14K for retest, and if penetrated then new ATH.
Note
Got buy order at $10300 filled.
Trade active
Orders got filled, and we are doing sideways until CME is closed.

Support at 10K may be retested again (below trendline). and if broken the next support is at $9500.

snapshot
Trade active
We hit the waves 1 day earlier than ecpected and we are in a slightly uptrend as expected. Although, the capital in crypto as whole is moving into ETH currently, will be interesting to see whether ETH uptrend will slow down BTC for a while.

Position is still open with trailing stop.

snapshot
Trade active
Still on track.
snapshot
Note
CBOE futures opened 23rd January is mostly long position, looking into alternative path to new all time high.
snapshot

news.bitcoin.com/bitcoin-futures-report-shows-bullish-sentiment-is-in-the-air/
Trade active
Alightly changed waves, not looking for new all time hights yet.
BTC path for $17K, for CBOE
Chart PatternsTrend AnalysisWave Analysis
usgol_crypto

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.