It's been a tough week for BTC-USD, in which we had two different scenarios. We have also seen market manipulations.
We have received some good news about the future of BTC but the correction continued. Yesterday and today, we are observing the formation of bullish flag. If this flag gets strong, we will cross the red line and you will get the formation of The Head And Shoulders Pattern. This will be a strong signal LONG position. I'm more inclined to believe that.
If this does not happen and we break the lower red line we are entering a huge collection which could reach levels of $ 4,000. This is one bad scenario that no one wants on the market.
In most i believe we see that the correction is almost over and we do not need lower levels of BTC but as I said there is a lot of manipulation and if I do not break the top red line we may have difficult months ahead of us.
This analysis is simply for learning purposes.
I expect your comments and opinions ?!
We have received some good news about the future of BTC but the correction continued. Yesterday and today, we are observing the formation of bullish flag. If this flag gets strong, we will cross the red line and you will get the formation of The Head And Shoulders Pattern. This will be a strong signal LONG position. I'm more inclined to believe that.
If this does not happen and we break the lower red line we are entering a huge collection which could reach levels of $ 4,000. This is one bad scenario that no one wants on the market.
In most i believe we see that the correction is almost over and we do not need lower levels of BTC but as I said there is a lot of manipulation and if I do not break the top red line we may have difficult months ahead of us.
This analysis is simply for learning purposes.
I expect your comments and opinions ?!
The breakthrough needs to be confirmed on a 4 hour schedule.
You may wait for these levels to close. This will be a strong signal for LONG position.
I expect your comments, guys :)