BTC: Russian Matryoshka
Hope you had a great weekend crypto friends! ;)
Let's have a look at the last analysis:
=> The right shoulder of the inverse Head & Shoulders perfectly upheld the bottom at 10k, but grandpa BTC didn't see much follow-through on the break of the neckline + crucial resistance at 11k.
Now we have a i. H&S with a complex right shoulder, that has turned into a regular H&S on the smaller timeframe, with the neckline around $10,250. A break of that wouldn't be significant up until 10k important support. So BTC could basically see a bounce going on from those levels.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Let's have a look at the last analysis:
=> The right shoulder of the inverse Head & Shoulders perfectly upheld the bottom at 10k, but grandpa BTC didn't see much follow-through on the break of the neckline + crucial resistance at 11k.
Now we have a i. H&S with a complex right shoulder, that has turned into a regular H&S on the smaller timeframe, with the neckline around $10,250. A break of that wouldn't be significant up until 10k important support. So BTC could basically see a bounce going on from those levels.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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