Hope you guys are seeing the formation of a flag following the inverse head and shoulders on 30 minutes timeframe and there's a big chance to go long to moon but before that there will he several retests.
For intraday trades.
There's a great chance for buy/sell under 59.5k to 58.9k. #intraday in 5 to 15 min based charts only.
Not a financial advice. ...
Btc forming head and shoulders in 4 hour time frame which is inverse H&S that gave a buy order somewhere under the current support line 58 k or 52k if the upper support not holding.
Only my own Analysis not a financial advice.
Always #DYOR before trading.
As you can see from my previous analysis, I prefer multiple confluences on the chart as this gives a better opportunity to be accurate when trading. From the chart I see a Head and shoulder pattern and assuming this is correct then it may go the distance of the size of the head of the pattern, as it does usually with most H&S patterns. The most surprising aspect...
Similar to my previous analysis on EURUSD which has nearly reached its profit target, this analysis too is based on multiple time frames. On the weekly chart there is a rejection off a strong yearly price area, and on the daily a hammer candle seems to be forming. On the 4 hour time frame there is a clear H&S pattern. The reason why the potential profit is very...