Hello Traders,
BTC might be forming an inverse H&S and you can trade it by entering early (very risky and would need tight stop-loss) if a candle closed with good volume above EMA 8,13, 31, 55 and EMA 55 (in red ) is below all three 8, 13, 21. Plus, in MACD blue line should be above the orange. A good indication would be a large volume like in the previous dip.
Also, if you want to play it safe, you can wait for the pullback to the neckline which confirms having a solid breakout.
BTC might be forming an inverse H&S and you can trade it by entering early (very risky and would need tight stop-loss) if a candle closed with good volume above EMA 8,13, 31, 55 and EMA 55 (in red ) is below all three 8, 13, 21. Plus, in MACD blue line should be above the orange. A good indication would be a large volume like in the previous dip.
Also, if you want to play it safe, you can wait for the pullback to the neckline which confirms having a solid breakout.
评论:
We had a breakout but the bears are pushing it down. Watch the candle closely to determine if we end up with a shooting star. We need to sustain 8900+ in order to go higher.
评论:
BTC is testing the red line (55EMA). If it holds, we will get a breakout. Also, focus on RSI not to go below the red line.
评论:
BTC is above the neckline. Watch out for volume confirmation.
交易开始:
This is the signal. Good volume, 55EMA red line below all, RSI going up, and MACD blue is above orange.
评论:
We are facing two major resistances, the red line, and the 200EMA. if BTC stays above 10k, it will attract more people to get in and drive the price higher.
交易结束：到达目标:
Put a trailing stop to secure what you have made so far.