BTC chart for 1/5/21 @13:20 EST showing possible trend lines
updating this mornings chart
you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH.
we had decent volume breaking out the head and shoulders and we need to continue to see good volume to maintain upward pressure.
keep SL's tight . rather take some profit then no profit.
***im not a professional...ultimately your on your own****
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you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH.
we had decent volume breaking out the head and shoulders and we need to continue to see good volume to maintain upward pressure.
keep SL's tight . rather take some profit then no profit.
***im not a professional...ultimately your on your own****
please like and subscribe if you enjoy the content
Comment:
another note. W breakout came with sufficient volume!! if you didn't get in yet please wait for a retest and bonce off the purple line again with volume tat will be your second chance to get in.
dont chase candles let them come to you.
dont chase candles let them come to you.
the head and shoulders (yellow line) is no longer valid. you can keep it in as support but imo its not viable any longer.