INVERSE HEAD AND SHOULDER PATTERNThe Head and Shoulder Pattern has been formed on the 4HT. This could lead to gold heading up for this week.
Technicalanalysisi
Updated Bitcoin is a bearish rising wedge, please note that!!!Saturday morning, Bitcoin is in the bearish rising wedge, this is very interesting for something that I want to share you, now, yesterday I make a technical analysis but a candlestick that I mark in circle was manipulation of the price, I assume that I make an error of the put a Sl, because I would have to put a Sl for above of $9,650 USD, but I invest in DEMO 0.03 BTC with a possible target around of $9,000 USD that I mentioned in my previously technican analysisi, So, this is in H4 timeframe
We are to pass in H1 timeframe what we see it!!!
Now, IN h1 there are many factor what I want to mentioned here. Now, ther RSI is below of 50 parameters of this index. Now, the price action show us that Bitcoin doesn't have force to continue bulish, for the moment in H4 we have a possible support and strongest because Bitcoin could make a double bottom in the zone of $9,200 USD, this is an scenario possible to hoping.
Now, remember the prespective is downtrend for the moment and bearish scenario, that I conclude what I hope that Bitcoin going again to retest the same zone at $9,562 USD to open a new limit order buy!!!
Now,
Beautiful Gartley and a drop of more of 2,000 pips (Backtesting)Waoh, I see a Gartley armonic pattern, it's so beautiful and gave a drop of 2372 pips in 483 days, approximattely half one year. And then, it's my monthly technical analysis, you can to see how I make my technical analysis just dislodging the view further away.
