BTC/USD Bullish Scenerio
Updated
For anyone interested in chart patterns there's a pretty decent looking Adam & Eve formation happening on the BTC/USD chart. Currently at resistance around 10.8k waiting for a strong move up to confirm the pattern. Expect price to make it to 11.5-11.8k region and with enough profit taking to bring price back down to test the horizontal resistance at 10.8k and into the ideal entry box. Either wait for signs of the resistance to turn into support or throw some bids around in that area.
*If you're looking at this as just a cup & handle formation and pullback from here to 10.2-10.4k would be the ideal entry.
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
*If you're looking at this as just a cup & handle formation and pullback from here to 10.2-10.4k would be the ideal entry.
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Note
11.8k hit, waiting for a pull back to 10.9k to enter long. I doubt we will see that level tested anytime soon but I'll stick to my plan.
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.