IGNORE ROG PARTS....
need to learn how this works :)
Do we repeat 2007/8 drop out of zone or can we recover:
Key Dates: Week of 22. November: Close over 4k will be small sing that we are out of the ultimate danger zone... but be carefull it's still a bearish setup.
Around 14th February:
Bullish: Close the week over 4.3k and we will be through the bigest...
Ok, it currently looks like we made the negativ break out of the Pennant.
i marked the possible targets for the short trade... where we basicly hit #1
i am happy if you found a good entry for the setup
We are currently in a pennant formation.
For a positiv breakout we have a target of around 22k, but caution the All Time High will provide a strong Ressistance.
Also we are currently right below a strong ressistance zone.
A negativ break out can lead down to the area from the end of november drop.
Without reaction we can go either on a contination of the...
Currently forming a Cup n Handle on bitcoin.
ATH and weekly R1 pivot, currently building the top of the formation and are a strong resistance.
Break of these level will provide an upmove into the area of the weekly R3 level around 23k.
Cup n Handle is a top performing long signal but as it is top performer it has also a high failure quote.
so stay tuned for...
