BitcoinShort
BTC, still in bearish channel
Hello Friends, Traders and Interested,
very quick update to my past TA s. We are still into a very symetrical uptrend channel and are about to reach a new decision point within the next hours. Just see the chart.
We are actually near the top of this channel. If we cant break through, we will see a uptrend walk. And this uptrend target will go down under the neckline of the big H & S (Magic Poop called us Amateurs believing in this pattern, puhhhhhhhh).
But more, the target of this uptrend channel will be the possible restest area of this big H & S. In my opinion would this mean a confirmation of this H & S.
I might be wrong, but I still see this big H B S with the double bottom at 11.750. Target still around first 6K , but possible 3.5 K.
Okay, as always no trading advice, just educational.
Trade on your own risk an6d trade safe.
yours Sascha
A Like and a Follow makes me happy.
very quick update to my past TA s. We are still into a very symetrical uptrend channel and are about to reach a new decision point within the next hours. Just see the chart.
We are actually near the top of this channel. If we cant break through, we will see a uptrend walk. And this uptrend target will go down under the neckline of the big H & S (Magic Poop called us Amateurs believing in this pattern, puhhhhhhhh).
But more, the target of this uptrend channel will be the possible restest area of this big H & S. In my opinion would this mean a confirmation of this H & S.
I might be wrong, but I still see this big H B S with the double bottom at 11.750. Target still around first 6K , but possible 3.5 K.
Okay, as always no trading advice, just educational.
Trade on your own risk an6d trade safe.
yours Sascha
A Like and a Follow makes me happy.
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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.