BTC is forming a Bullish Bat Pattern on Daily Time Frame. Meaning a Long opportunity. Entry could be $ 37.400 (88 retracement).
This is not financial advise... P.s. I only loose money trading! ;)
Heavy daily resistance area for Bitcoin and going to monitor shorter timeframes for candlestick patterns like double top or head and shoulders.
Might not drop that far but still some profits can be gained in a big spike down. We'll see in a few days xd
I think the TA is pretty self explanitory. We are in the perfect storm for accumalation. Don't let the lower time frames tell you otherwise. If you bought the TOP just HODL, if you sold the DIP, just REBUY... with proper riskmanagement offcourse!
Hoping Bulls can sqeez out the shorts but volume is dropping and seeing an area rejected folowd by an H&S makes me less bullish ATM. Hope to see a nice leg up from here as it is still an awesome buy opportunity if you manage the position correctly at the resistance zone. Let me know what you guys think ATM cheers
Not financial advise! Just a van Gogh!
After seeing the first drop seen come in even harder then expected I think the bulls hoping for a double bottem! 0.o
