Long

BTCUSD iH&S

Updated

Hello guys, this is my first published post.
Made a similar chart 5 days ago and it played out pretty picture perfect. All the indicators point out we should get a jump up. What needs to happen is:
-bullish close of the cnalde
-a jump should happen around 7,5k-7-7k range

If we drop bellow 7,4k I think we drop to 7k. And lower supports are 6,6k, 6k.

This was made 6.2.18

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Best scenario for the bulls...

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for now it is going pretty much as planned...

This two resistances are the two too watch...when we pass the first one, we can probablly argue that the bulls one the first round ;)

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at the end of the right shoulder we got small c&h formation and now we are slowlly climbing to the first resistance...going as planned!

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Here are some of my thoughts how I see the next couple of weeks BTC is going to play out. It can go higher than 10,3k mark but I think dailly RSI would be pretty high when we get to that point and I think we will drop. To where, I hope the lines make sense.

First target for sure is that break up of 9k and 9,3k!

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For the bulls its worring how they couldnt break that 9k level. in the next dax we should get the winner of the bears vs bulls battle ;)

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If we break that red line I think its the end of another bull move for some time...

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The picture above can also be viewed as an ascending triangle if we break up its christmas time :D

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At tho moment still undecided...If we break up from this ascending wedge I am leaning more on to the bullish side and we will see the continuation of the iH&S play out with BTC testing 10k mark, break down from here we fall to 8k level...

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Should see a break in the next 48h

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we got that break we were hoping for..now we need to pass the resistance at 9,5k to reach the next one at 10,3k where my 0.5 fib is. If we pass this one, bulls are STRONG!

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Although all I here is bulls are in control and they are for now. Here are some targets where I think they will have some resistance. Mostly if we get through 10,3k the target that I think it will be hard to cross is 11k. Curently BTC is in a rising wedge and until we break up from it I am concerned that the fall will be hard if we break down...

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shooting star closng candle as it would seem... I guess we are going down boys and girls. First support 9,5k and second 9,3k.

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Please Dissregard the last picture, this one is the correct one....

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Where I see BTC moving for the next month or two...

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Bearish: It may be nothing or it may be something :P Supports going down are: 10.150$, 9.200$, 8.600$...

If history repeats itself we will have 2 days of downfall and then we are going to sky rocket...But look for those supports first ;)

Bullish: We bounce from 10.150$ and we reach 12.500$

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Almost a perfect bounce...looks strong but first we need to break 10,4k-10,5k mark again...

HapWifeHapLife

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