Bitcoin is currently ranging within its support level.
A break from here and we can expect a possible print of a Inverse Head and Shoulders structure.
A confirmation of this pattern will lead Bitcoin towards the $6,700 USD range as well as a possible target of $7,000.
If BItcoin fails to uphold both support levels it is highly likely we will re-test our lows within the $6,000-$6,100 range before we can assume a bearish leg down into the $5,500 USD range.
Happy trading
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A break from here and we can expect a possible print of a Inverse Head and Shoulders structure.
A confirmation of this pattern will lead Bitcoin towards the $6,700 USD range as well as a possible target of $7,000.
If BItcoin fails to uphold both support levels it is highly likely we will re-test our lows within the $6,000-$6,100 range before we can assume a bearish leg down into the $5,500 USD range.
Happy trading
Telegram link in Bio
Comment:
Comment:
Here is our route depicted with arrows traders.
Remember this is our Bull Scenario
Remember this is our Bull Scenario
Comment:
Our current group trade setup - Long
Analysis is going well, now we wait to see if our Right Shoulder forms.
Analysis is going well, now we wait to see if our Right Shoulder forms.
Comment:
Looking to close within the white box. A clear break above and we will see $7,200 USD. Over $500 USD per Bitcoin in Profit. VIP info is inside our telegram
Trade closed: target reached:
$6,700 reached. Great trade! Profits all around!
We must break our neckline to confirm a push towards $7,200
Our longs are currently closed for a $500 USD profit
We must break our neckline to confirm a push towards $7,200
Our longs are currently closed for a $500 USD profit