As you can see on the 4HR chart bitcoin seems to be creating an inverted head and shoulders formation, this is an extremely bullish pattern, for me to enter a long i believe we should wait for the price to break the neckline which would include breaking the 200ma for our entries.
On the 15 min we are seeing a formation of a bullish falling flag. Price has broken out of this pattern which indicates on the shorter term bitcoin is looking bullish. i am going to wait for the price to pullback and reject/ bounce off of a resistance turned support to enter LONG.
Let me know what you think
On the 15 min we are seeing a formation of a bullish falling flag. Price has broken out of this pattern which indicates on the shorter term bitcoin is looking bullish. i am going to wait for the price to pullback and reject/ bounce off of a resistance turned support to enter LONG.
Let me know what you think
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.