I would like what currently I'm scared of on current graphics.
Let's start with indicators analysis. As for me, I see a pretty good perspective for a BTC price. Currently, AO, MACD, Stoch RSI and RSI are awesome, I mean due to a daily chart all of them show that we can expect growth. Might be this could be confirmation that soon we will see the second shoulder and downtrend, but weekly charts are also good, due to indicators AO, MACD, Stoch RSI, and RSI are positive, also there is a huge bullish divergence on weekly MACD formed from 22 Jan 2018 with the first extremum on 14 Apr 2018 and second on 18 Jun 2018.
But we have to be aware of the H&S pattern which is rather a strong pattern, due to indicators I'm 75% sure that we will see growth to the second shoulder. Soon we will see growth confirmation or the H&S, so be careful with it, and do not forget to set stop.
As for me, I see a good perspective for a growth, let's say that I don't believe in a rapid growth, but I believe in a couple month growth. Due to the news, we have to expect good news in a couple of months ahead. Starting with CBOE BTC ETF verdict on 30th September, Nasdaq is about to add crypto trading on Gemini architecture in the second quarter, Intercontinental Exchange (ICE), who own NYSE said that they are working on a BAKKT platform for exchange crypto for USD and BAKKT will be fully regulated. All of this is just a tip of an iceberg, lots of new positive updates are coming.
Few words about crypto regulation in the USA.
So, I don't think that people who work at the ICE, Nasdaq and other companies who work in a crypto sector are that stupid to invest that kind of money and not be sure that everything is going to be ok)
I expect for a good perspective for a crypto in upcoming months.
BTW I think current problems around crypto in the USA because of low volume on BTC futures.
Let's start with indicators analysis. As for me, I see a pretty good perspective for a BTC price. Currently, AO, MACD, Stoch RSI and RSI are awesome, I mean due to a daily chart all of them show that we can expect growth. Might be this could be confirmation that soon we will see the second shoulder and downtrend, but weekly charts are also good, due to indicators AO, MACD, Stoch RSI, and RSI are positive, also there is a huge bullish divergence on weekly MACD formed from 22 Jan 2018 with the first extremum on 14 Apr 2018 and second on 18 Jun 2018.
But we have to be aware of the H&S pattern which is rather a strong pattern, due to indicators I'm 75% sure that we will see growth to the second shoulder. Soon we will see growth confirmation or the H&S, so be careful with it, and do not forget to set stop.
As for me, I see a good perspective for a growth, let's say that I don't believe in a rapid growth, but I believe in a couple month growth. Due to the news, we have to expect good news in a couple of months ahead. Starting with CBOE BTC ETF verdict on 30th September, Nasdaq is about to add crypto trading on Gemini architecture in the second quarter, Intercontinental Exchange (ICE), who own NYSE said that they are working on a BAKKT platform for exchange crypto for USD and BAKKT will be fully regulated. All of this is just a tip of an iceberg, lots of new positive updates are coming.
Few words about crypto regulation in the USA.
So, I don't think that people who work at the ICE, Nasdaq and other companies who work in a crypto sector are that stupid to invest that kind of money and not be sure that everything is going to be ok)
I expect for a good perspective for a crypto in upcoming months.
BTW I think current problems around crypto in the USA because of low volume on BTC futures.
Trade active:
So, what we currently see, that H&S on 1d don't allow the price to go higher, on 18th I saw a touch of the right shoulder area and then the price went down, but current I found another H&S pattern on 4h so, I am kinda scared of new wave of downtown which will confirm 1d H&S pattern. As for me, I'd offer to set a stop on 6320 or 6284.
Note.
Hold a position is not the best way.
Note.
Hold a position is not the best way.
Trade closed: stop reached