Head and shoulder pattern ( 1W )
Updated
(( please read the description ))
Hello friends and companions of Trading View
Bitcoin is always a master of surprises, be careful not to fall into the trap,Unfortunately, strong support was lost by the MA 50, the price dropped rapidly from 45k to 41k.
If the price of 42 disappears (The head and shoulder pattern is complete) we have to wait for the support of MA100 (green line) ($ 38k).
tip :
* When the price is lower than Fib 0.786, I just expect the target to break the resistance, not higher prices, I think the market is going down for a while.
* The first Target is to defeat the resistance, Profit can also be in resistance.
* MACD (Shows a downward trend)
* The trading is above the MA 100 (Green line), one should hope for an uptrend and test the resistance Zone
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
.....................................................................
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
.....................................................................
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please like, subscribe and share your ideas.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Hello friends and companions of Trading View
Bitcoin is always a master of surprises, be careful not to fall into the trap,Unfortunately, strong support was lost by the MA 50, the price dropped rapidly from 45k to 41k.
If the price of 42 disappears (The head and shoulder pattern is complete) we have to wait for the support of MA100 (green line) ($ 38k).
tip :
* When the price is lower than Fib 0.786, I just expect the target to break the resistance, not higher prices, I think the market is going down for a while.
* The first Target is to defeat the resistance, Profit can also be in resistance.
* MACD (Shows a downward trend)
* The trading is above the MA 100 (Green line), one should hope for an uptrend and test the resistance Zone
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
.....................................................................
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
.....................................................................
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please like, subscribe and share your ideas.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Note
Will the bitcoin story be repeated?.....................................................................
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
.....................................................................
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