SteveEnnom
做空

You are not safe yet!

BITFINEX:BTCUSD   比特币/美元
The reverse H&S pattern finally came true. But things are not coming along "by the books" since I think there will be no trend reversal.

The completion of the H&S brought us slightly outside the bearish channel that BTC             was following (yellow circle). Even if this could signal a breakout in my opinion it is not!
Volumes are not supporting such a breakout being lower than average and definitely smaller than the ones creating major positive breakouts.

Even if BTC             uptrends from the neckline there will be a pretty strong resistance around 10400$ that happens to be the current level of the 200 days EMA as well.

My take on is that it will still have a bearish development with the three major support levels highlighted in red.

Notice how the middle line around 5700 I drew before the H&S development was actually the "head" of the figure. That could be one of the supports to re-test in a future fall.

To complete the analysis I would mention the fact that we are definitely in a downtrend for BTC             . Like most bubbles (and you would concurr with me that such an escalation in prices till 19k is typical of a bubble) the downtrend is characterized by the fear/capitulation phase. I think we're into it. Prices, even if they rise, won't be at 20k levels again.
And if by chance I'm wrong we need to look at the Bitcoin             chart under a different timeframe. We are then in the denial/bull trap phase. Things might improve but it's only temporary.

As usual, this is not a trading advice, simply my idea on this much volatile commodity.
评论: We are trading exactly on the 200 days EMA. 10.430 is the next resistance. If that level is broken with supporting volumes then BTC can still grow, otherwise we'll have a pull-back towards 9k area.
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
首页 股票筛选器 外汇筛选器 Crypto Screener 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
个人资料 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