BTC may test sub 3K level before continuing further up. A final SHAKE OUT would not be surprising
3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds ~ 1 day until February Month - 3 Days until end of Week - 3 Dives Top + Head & Shoulders on 1H Time Frame Technically is perfectly to dump and position yourself right here.
3 Drives Top 1H is ready for a bigger drop.
After completing Wave B of ABC corrective formation, we've had a massive impulse downwards, indicating a beginning of a strong C wave, confirming our bearish bias. We've been able to hit the first short target on 3630 - 3700 level and now we'll be looking on entering another short position on pullback with a solid R:R setup. Check out the linked idea for more...
I have a systematic signal to go Short on BTC. I beleive in BTC but I beleive my system more, so I will go along with it
EurGBP has made a nice double top and is currently catching some buyers at the base. Im expecting this pair to breakthrough the neckline, retest the new ceiling and then drop to lows near .84 to complete the pattern. The real watch will be to see whether it will consolidate around its current levels, or immediately make the breakdown because of the strong bears.
Targeting 0.618 which coincides with uptrend diagonal support
inability to break above the lower quarter of the range and resistance line despite the bullish SFP is bearish. entry 3540 stop loss 3560 targets 3500, 3450, 3410, 3360
I was looking back at the chart for the past couple of days and I noted the similarity between the current chart pattern now and then. There was a small period of small movement before a drop. If the chart follows what happens in Nov 18, we could see a similar trend and BTC making a new low in recent years. However, please note that it was previously at the...
...about 20% less.
BTC could be in the process of moving down to test the high made in late 2013. Multiple indicators point toward $1175. However, we will most likely bounce from 3K before the possible continuation down. Best of luck!!!
Small Short position on XRP All feedback is extremely appreciated
BTC SHORTS WILL HIT 60K IF BTC COMPLETES INVERTED HEAD AND SHOULDERS. THIS WILL SEND XRP TO SUB 20C AND THE CATALYST WILL BE ETF DENIAL OR BAKT CANCELLATION. (NOT FINANCIAL ADVICE AS I HAVE NOT FINISHED FINANCE DEGREE YET)
I think btc sub 3000 if this pattern completes. (not financial advice as i have no finished my degree in finance yet and am only 20 years old)