Hello guys,
This is an idea about BTC.D which has been pumping hard last days
On the chart we can notice interesting things :
- H&S might be forming : this could lead to a retest of previous trendline. We can expect a bounce on this trendline
The bounce can either form a right shoulder. (red line) or go back up to the last top
- If there is a retest of the trendline with a break, the h&s pattern would give an estimated target of 67.5
- we can also spot a bearish div (yellow)
hope alts can take a breathe
dyor
cheers
This is an idea about BTC.D which has been pumping hard last days
On the chart we can notice interesting things :
- H&S might be forming : this could lead to a retest of previous trendline. We can expect a bounce on this trendline
The bounce can either form a right shoulder. (red line) or go back up to the last top
- If there is a retest of the trendline with a break, the h&s pattern would give an estimated target of 67.5
- we can also spot a bearish div (yellow)
hope alts can take a breathe
dyor
cheers
Comment:
looks like pullback on trendline is done