ecoinamist
做多

Bitcoin Inverse Head and Shoulders | Return to $6000?

COINBASE:BTCUSD   比特币/美元
Don't worry guys, the world is not ending and Bitcoin             is not going sub 1000.
Sincerely hope you didn't panic sell the bottom. If you did, keep in mind that moving slower is usually preferable to moving quickly.

This Inverse Head and Shoulders pattern seems like it could play out over the next day or so.
For those that don't know this is a bullish pattern that indicates a trend reversal. Pattern is not complete until we return to the baseline and break through.

I coincided this with the parallel bear channel Bitcoin             has been in for over a month.
I called this bear channel a bull flag in another analysis. If you followed my previous analysis, my fractal idea was obviously invalidated, and so was my bull flag idea.
You can't call them all unfortunately, since trade ideas are based around higher probabilities rather than guarantees.

A break from this baseline could be very bullish , because it would also break us from the bear channel . We may need more volume though, as the last time we broke this channel was very short-lived and not very convincing.

Potential bounce points: $7500, $6400
Break above $8500 with volume is where I'm looking to long more Bitcoin             .
Break below $6300 would likely mean travel to bottom of channel around $5000 :(
交易开始: Bye-bye Inverse Head & Shoulders
Bye-bye bear channel
Bye-bye $6000 BTC

We've broken out of this channel (purple) before, temporarily, before crashing down. Even used the top of channel as support once.

This time, however, breakout is a lot more convincing with much more volume.

9k should prove to be decent resistance. Expecting (hoping for) some consolidation between 9k(ish) and 8k. Fully expect this to travel in the red FIB channel now.
I will consider a drop back into the channel (sub 8k currently) as very bearish. Critical moments for Bitcoin playing out.
评论: Here's the red FIB channel I'm referring to.
This channel dates all the way back to January 2017.
I really like that the bottom was used as support in the biggest crash.
Shows that this year-long channel is still very relevant

ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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 外汇信号搜索器 加密货币信号搜索器 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
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