BITCON POTENTIAL INVERSE HEAD AND SHOULDERS
Seems like our secret yellow box turned again :)) 6650-6840 range is strong resistance so i think this movement will end up with inverse head and shoulders. Support side there are April and February lows. Momentum wise i think we can take last drop below long term support as a false breakout which is bullish.
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I want to add something that until shoulder appear this is bearish.
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Maybe this can be ugly shoulder. At the end if we can break 6800 it does not matter.
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The problem with upmovement is it is moving at weekends.
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I had think about it and i dont think this was a shoulder. I dont like this type of up movements there should be pulbacks while going up. I will watch it until make a meaningful movement.
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This wasted time made situation bad. Making shoulder is harder now.
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Small timeframe
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I am trying to long at 6369 with stop at 6337. Risky trade.
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Bought at 6188 after coinbase announcement for trading these coins. 6150 my exit point if it drops.
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Monday is coming be careful.
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April low breakup.
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Trying to break 6530
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We are at the yellow area
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I hope this resistance can turn support
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Closed below yellow area
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Rejected from yellow area again
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Third time
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Forth time coming
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Aaaaaaaand broken
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Inside the area sideways below the area correction time above the area moon time.
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Seems like correction time coming
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Watchout the yellow box. Also i want to say that i made this inverse h&s chart 2 weeks ago and people sharing this today and comments like " omg what an analysis"
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Watching the up movement above the yellow box :) If it fails i can sell at box again ez strategy :D
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Aaand inverse head and shoulders completed. It is sad that i shared this 2 weeks ago and people that realized today we have a inverse head and shoulders getting more appreciation than me. Maybe if i share 100000 different charts and say "it can go up and down" it would be better :)))
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New lines to play
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You can see from the chart that bitcoin couldn't manage to break fib level i will watch it with limit buy order.
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Price reacting too quick it was 7336 while i was writing saw 7261 2 minutes later :D
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Alt are moving it is trading time :)
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I am not making another chart because we still did not hit the target of inverse head and shoulders. I shared some lines. Lets look at them how they worked.
Trade closed manually
Trade active
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Really interesting whale moves.
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I will wait until above 7380
Trade closed manually
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Interesting
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Another big sell
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Maybe they are trying to scare people before big pump am i too optimictis :D
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Third big sell
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Take a look at bnb guys there is new fee program.
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Bots are angry to bnb i think :D at least i bought btc because of that.
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Like i said i am in if btc above the 7380 also i gave 1 more chance to bnb with tight sl i dont know why it is dropping so i am risking too litlle.
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Fresh
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So unless we go above 7428.70 i will think we are making correction.
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And until breaking below red line i am neutral.
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Market maker trolling everyone. We need more players at crypto otherwise this is what happens.
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When i said that market maker trolling everyone i wasn't joking.
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My last picture about drop is not valid anymore because of time.
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And because we are above 7428.
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I was lucky because i was watching and saw the failed wick. This annoying pattern still continue.
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We are breaking moving averages step by when i shared this as a "freash" we were at blue area. After the red area 4h macd were going to become bullish and i thought this drop pattern ended but seems like it did not.
Trade closed: target reached:
Right after my commment climbed back to the area. And finally 7800. Now i can consider inverse head and shoulders target reached.
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We can see in the main chart we turned from red line which was resistance at June. After that we have 7880 which is 1:1 target and fib level.
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I have tried to share small timeframe movements too but when changes was too quick it didn't helped i think.
