Quick update for those day trading Bitcoin. Possible head and shoulder pattern forming with RSI divergence. No guarantees that the pattern will complete; Bitcoin is super volatile so make sure to monitor those breaks.
Read my complete Bitcoin analysis with 1 hour and 1 day candle overview by clicking the chart below:
You can use this chart to help you identify trend lines & support and resistance zones to monitor for a break in trend. Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets.
This is not financial advice and my (fictional) future telling glass ball happens to hick up sometimes: you should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on.
If you enjoy my analysis make sure to follow me at TradingView and other social media (click that nice little blue bird at my profile page).
An upvote to increase the exposure on my charts is very much appreciated!
Happy Trading! ~ Crypto JC
Read my complete Bitcoin analysis with 1 hour and 1 day candle overview by clicking the chart below:
You can use this chart to help you identify trend lines & support and resistance zones to monitor for a break in trend. Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets.
This is not financial advice and my (fictional) future telling glass ball happens to hick up sometimes: you should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on.
If you enjoy my analysis make sure to follow me at TradingView and other social media (click that nice little blue bird at my profile page).
An upvote to increase the exposure on my charts is very much appreciated!
Happy Trading! ~ Crypto JC
Order cancelled:
As is obviously by now, the h&s pattern didn't fully form once it broke trend at the 6900/7000 mark. You'll see me soon with an update and for now you can continue using my still relevant BTC overview chart from yesterday:
Comment:
New Bitcoin analysis: click the chart below to view my latest chart and analysis. Don't forget to hit that like button if you enjoy my charts, thanks :)
