Previous analysis Waiting to see daily close but so far good signs supporting a move higher: Daily close at the 200 Daily MA 4H Doji candle indicating a short term reversal 4H channel in play with a bounce on the lower side Volume was average but couldn't break support Short term targets 4H channel is in a downtrend but the next leg should be...
Previous analysis Yesterday I shared a possible target for $46800 after identifying a H&S on the 1H chart, the target was met but I failed to consider a potential wick through that zone... In retrospect, I think it was expected and $46800 was still a good zone to buy, pending enough room for a stop loss, $1000 for BINANCE:BTCUSDT is nothing Today Looking at...
H&S has formed on the hourly and a break below the neckline would see a possible target around $46800 which has acted has support multiple times now during this bull market. This is also aligning with the daily 200 MA. Entering a long there with a tight stop is a good setup. A failure to break the H&S would likely see this triangle stay in play and see a rally to...
H&S has formed and a break below the neckline would see a possible target around $46800 which has acted has support multiple times now. This is also aligning with the daily 200 MA. Entering a long there with a tight stop is a good idea IMO. A failure to break the H&S would likely see this triangle stay in play and see a rally to $50k potentially. Not FA, just...