Hello traders, welcome to my new BTC update.
Timeframe: 4 hours.
Description: Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
Update: BTC has currently formed an inverse H&S pattern in a lower timeframe. Technically, an inverse H&S pattern is a bullish pattern and if BTC manages to break through this pattern then we can expect a higher rally on BTC. A rejection below this trendline will invalidate the inverse H&S pattern.
Trade Setup: Buying at breakout and retest will be a better option if you guys are trying to enter into BTC. Best entry levels will be between $20.8k to $21k. Targets will be $22.6k to $24.3k and Stop Loss at $19.5k.
Note: Do not FOMO, buy only at confirmation.
Let me know what's your idea on BTC in the comments.
Thank you.
Timeframe: 4 hours.
Description: Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
Update: BTC has currently formed an inverse H&S pattern in a lower timeframe. Technically, an inverse H&S pattern is a bullish pattern and if BTC manages to break through this pattern then we can expect a higher rally on BTC. A rejection below this trendline will invalidate the inverse H&S pattern.
Trade Setup: Buying at breakout and retest will be a better option if you guys are trying to enter into BTC. Best entry levels will be between $20.8k to $21k. Targets will be $22.6k to $24.3k and Stop Loss at $19.5k.
Note: Do not FOMO, buy only at confirmation.
Let me know what's your idea on BTC in the comments.
Thank you.
Trade active:
BTC Update:
BTC is moving as expected, it broke out, did some retest, and currently bouncing back. The only thing I am skeptical about is the volume. The price of BTC is increasing but there’s not enough volume to boost BTC. BTC has been hovering between $20k to $21.3k for the last 24 hours, it must break this range soon. Break down will surely invalidate this chart and breaking update will try to hit the said target ($22.6k to $24.3k).
Good hours ahead, amigos.
BTC Update:
BTC is moving as expected, it broke out, did some retest, and currently bouncing back. The only thing I am skeptical about is the volume. The price of BTC is increasing but there’s not enough volume to boost BTC. BTC has been hovering between $20k to $21.3k for the last 24 hours, it must break this range soon. Break down will surely invalidate this chart and breaking update will try to hit the said target ($22.6k to $24.3k).
Good hours ahead, amigos.
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