$NCASH past Head & shoulders Pattern.
Timeframe: 1hour
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in $BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.
That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in $BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
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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.