dipl_ing

Bullrun Bitcoin - 3 ways of a potential bottom shs forming

Long
KRAKEN:BTCEUR   Bitcoin / Euro
As can be seen from the private videos, a potential bottom (approach) has formed around the 16,000€ limit.

1. Falling Wedge Approach
The market movements (shoulder 1 + head) are already pronounced and can thus definitely achieve high goals.
Target price 1: 27592€
Target price 2: 39956€

2. Approach shoulder head shoulder
Shoulder 1 + head still need a retest from the ~18,000€ segment, that is realistic and only then, based on the further price reactions, is an approach with a good risk:reward safe.

3. Base formation (head 2) missing
Shoulder 1 + Shoulder 2 are the beginning of the bottom formation and a head formation follows on the ~€12,000 segment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.