liang950605

liang950605

BTC 4H candle finally close below 13000 with high volume. This validates the H&S pattern and confirm it is midterm bearish

liang950605

In the past week there are lots of signal where BTC will be bullish in near future. 1. BTC break up the triangle with high volume green candle (1st potential entry) 2. Test all time high at $17250, rejected but bounce back at 20ema with strong green candle, then break $17250 resistance (2nd potential entry) 3. Can be analysed that there are support and resistance...

liang950605 Updated 

Seems like BTC gonna ride the ema 20 and will bounce up to break all time high again.

liang950605 Updated 

BTC breakout above the triangle and test all time high but failed to breakout for now. Most likely will pullback abit to 16600 support and 20 ema , then challenge all time high again A solid break above 17500 will be BTC resuming its bullish momentum.

liang950605

a breakout above the triangle may see prices challenge all time high, while breakout below triangle will see prices test 15k level

liang950605 Updated 

Price rejected at 16600 and trendline, very high probability to from a H&S pattern and may even break below 16000 support. Short with high risk:reward ratio so it is worth a trade. PT1 : 16000 PT2 : around next trendline or 15200 (see price action)

liang950605 Updated 

Even though BTC successfully break previous all time high, but it does not have bullish momentum. Currently price break through the uptrendline and looking to break 16000 support. Once the 1H candle closed below 16000, bearish momentum will take over bitcoin and we will monitor how far bitcoin price will drop to.

liang950605

After BTC broker the trendline it seems to find some support at 16000 and lies around the trendline. Either we will see a quick rebound and test all time high or it will just close below 16000 and confirms the double top formation.

liang950605

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liang950605

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