BTC SCENARIO UPDATE.1
Traders,
Kindly check main idea here below:
at the previous idea we expected the h&s and a perfect double top but they failed now.
That's what I see for this monster:
1-Not breaking the second neckline and breath cut to pull back to the only and the perfect resistance at 11500$
2-If we have a breaking down for this line too with a closed D candle we will meet the 7700$ again.
3-BCH splinting of volume will lead this breaking down to be available so take a look about bull flag of the BCH too
4-From this point it is not a good entry till closed candle appears 24hr from now.
Risk & capital management is the best way to bounce later.
Regards,
Mohsen
Kindly check main idea here below:
at the previous idea we expected the h&s and a perfect double top but they failed now.
That's what I see for this monster:
1-Not breaking the second neckline and breath cut to pull back to the only and the perfect resistance at 11500$
2-If we have a breaking down for this line too with a closed D candle we will meet the 7700$ again.
3-BCH splinting of volume will lead this breaking down to be available so take a look about bull flag of the BCH too
4-From this point it is not a good entry till closed candle appears 24hr from now.
Risk & capital management is the best way to bounce later.
Regards,
Mohsen
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Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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