Hello Friends, Traders, Interested,
short update. We are acutal at a very important Point. If this Point is resitance or Support, hmmm ?? In my opinion Support, so I think BTC will kick upwards. Why do I think upward, ........because when watching the 1 hr chart, you can see that BTC pulled 6 ( ! ) times back from this point. When you compare other points with such a high pull back rate, BTC ran up. Possible target might again near 11.200.
So Traders, watch carfully this Point. If BTC should break this line, we will see the expected HS with a target of around 9200.
My next TA will follow tom. Tom we will know which way BTC has chosen. My opinion is done.
As always, no trading advice, just my personel opinion. Trade on your own risk.
Good luck, Sascha
short update. We are acutal at a very important Point. If this Point is resitance or Support, hmmm ?? In my opinion Support, so I think BTC will kick upwards. Why do I think upward, ........because when watching the 1 hr chart, you can see that BTC pulled 6 ( ! ) times back from this point. When you compare other points with such a high pull back rate, BTC ran up. Possible target might again near 11.200.
So Traders, watch carfully this Point. If BTC should break this line, we will see the expected HS with a target of around 9200.
My next TA will follow tom. Tom we will know which way BTC has chosen. My opinion is done.
As always, no trading advice, just my personel opinion. Trade on your own risk.
Good luck, Sascha