Bitcoin's inverse Head and Shoulders formation
We can see Bitcoin is struggling against it's serious problems it has to solve.
Bitcoin is still in the anscending channel well respected.
Bollinger Bands have still upward momentum and for the time being middle line of bollinger bands (20MA) is acting as a good support.
Also we can see the three white soldiers formation which is bullish pattern.
Possible inverse Head and Shoulders formation is created with neck line at 1270$ area(RED LINE).
TECHNICALLY
IF 1270'S NECK LINE IS BROKEN WE CAN TAKE THE BELOW LONG TRADE:
FIRST TARGET 1370$ AREA
SECOND TARGET 1330$ AREA
STOP LOSS AT 1140$ AREA
HAPPY TRADING GUYS!!
THANK YOU FOR YOUR TIME!!
Bitcoin is still in the anscending channel well respected.
Bollinger Bands have still upward momentum and for the time being middle line of bollinger bands (20MA) is acting as a good support.
Also we can see the three white soldiers formation which is bullish pattern.
Possible inverse Head and Shoulders formation is created with neck line at 1270$ area(RED LINE).
TECHNICALLY
IF 1270'S NECK LINE IS BROKEN WE CAN TAKE THE BELOW LONG TRADE:
FIRST TARGET 1370$ AREA
SECOND TARGET 1330$ AREA
STOP LOSS AT 1140$ AREA
HAPPY TRADING GUYS!!
THANK YOU FOR YOUR TIME!!
Trade attivo
Commento:
Ready to break 1270 level and neck line...
Trade attivo
Trade attivo:
T1 reached soon...
Trade chiuso: obiettivo raggiunto:
Target 1 reached!!another nice trade guys...!
Trade chiuso: obiettivo raggiunto:
HIGHER TARGET REACHED!!!WHAT A NICE TRADE!
HAPPY TRADING GUYS!THANKS FOR SUPPORT!!
HAPPY TRADING GUYS!THANKS FOR SUPPORT!!
