BTC, the big H & S still on track?
Hello Friends, Traders and Interested,
quick update to BTC.
My Chart idea above is one week "old". In my opinion still working as predicted. At this very Moment we see a fall now to around 7.250 - 7.300. Than a retest at the main Neckline at around 7.900 - 8.000. And there we might have a very important decision. If BTC will cross this Neckline the correction might be over. If BTC will not be able to cross the 8 K we might see a deep fall to first 6K ,than maybe to 3 - 4 K. Lets wait and see. I will stay here and update my ideas frequently.
As always, no trading advice, just educational.
Yours Sascha
A Like and a Follow makes me happy
Here zoomed out, as you can see, BTC fell down exactly from my painted Neckline. This might Show, that the H & S is obviosly on track. Maybe, we will see.
quick update to BTC.
My Chart idea above is one week "old". In my opinion still working as predicted. At this very Moment we see a fall now to around 7.250 - 7.300. Than a retest at the main Neckline at around 7.900 - 8.000. And there we might have a very important decision. If BTC will cross this Neckline the correction might be over. If BTC will not be able to cross the 8 K we might see a deep fall to first 6K ,than maybe to 3 - 4 K. Lets wait and see. I will stay here and update my ideas frequently.
As always, no trading advice, just educational.
Yours Sascha
A Like and a Follow makes me happy
Here zoomed out, as you can see, BTC fell down exactly from my painted Neckline. This might Show, that the H & S is obviosly on track. Maybe, we will see.
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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.