krystiansosinski

The Bull & Bears Lock Heads as BTC moves sideways

BITFINEX:BTCUSD   比特币/美元
We did have a breakout but lets not get our hopes up too quickly yet. The above chart will provide a clearer picture showing different possible outcomes.

Here are my observations:
  • We rejected the neckline of the infamous inverse heads & shoulder pattern
  • Neckline of inverse H&S appear to have become new resistance
  • New downward channel spotted noted by solid blue lines
  • Falling volume
  • RSI slightly high
  • Currently above EMA 50 but invalidated a few times

Based on these indicators, I believe we will see a retest of the inverse H&S shoulder neck line. The other possibility is that we travel along the neckline sideways until we hit the solid blue upper channel before a sharp reversal down.

Regardless, if you are already in, maintain appropriate stop losses to protect profits. And if you are out thats also ok also. Its not a bad possession to be in if we get a major market decline down like perviously.

Let me know what you guys think and feedback is welcome as do consider myself a student to the arts of TA.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出