Hi all,
At the end of distribution, we got a strong bounce instead of mark down and the following pattern is a W shaped double bottom formation which is now becoming an inverse head and shoulders. This is bullish and if we get a bounce from 55.850, this can turn in to a breakout.
My stop buy order is ready if this happens, but if you want to take the risk, you can take this trade with a stop loss.
Good luck!
At the end of distribution, we got a strong bounce instead of mark down and the following pattern is a W shaped double bottom formation which is now becoming an inverse head and shoulders. This is bullish and if we get a bounce from 55.850, this can turn in to a breakout.
My stop buy order is ready if this happens, but if you want to take the risk, you can take this trade with a stop loss.
Good luck!
Note
A wick to 56.900 and breakout possible!
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
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.