BTC - The Fakeout Master

Since the beginning of the year BTC has seen a massive breakdown. Dropping nearly 70% since it's all time high in December.
The chart above shows throughout the breakdown, we have been given multiple breakout signals, all resulting in lower lows.

Once again, BTC has broken a major downward trend line . However, this time we gave been given multiple bullish signals along side.

The Happy Ending

Multiple Confirmed Signals:
We also have a pending Inverse Head & Shoulders shown on the chart above.
Bitcoin needs to break above the neckline in order for it to be completed.

IF Bitcoin succeeds in breaking above the neckline, I will add to my current position.
All horizontal lines shown above may act as resistance from there on out.
My ultimate target is the golden downward trendline . Which IF broken, it would be a very bullish sign for Bitcoin .

The Sad Ending

As the chart shows, we have been given multiple breakout signals in the past. So even with all of the bullish signals, there is always the chance this could go south.

IF BTC fails to complete the inverse head and shoulders , I will likely cancel my current position and wait for a clear sign of upward movement.

We are still in a bear market, so everyone must trade carefully.

I wish you all the best of luck.

Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

评论: YordiDeKleijn pointed out a possible cup & handle on lower time frames.
I will be looking for bounces on the .382 fib levels.
This shares the same neckline as the Inv. H&S.
评论: There is a break on the 4hr timeframe. We have let to break on the hourly so expecting some consolidation. I am slowly adding to my position on these small pullbacks
评论: We're we all faked out once again? Here are some possibilities
Nice more time to buy some more
The sellers should get exhausted at some time right? And do you think they would quit crypto totally?
@oh92 is it not too early to activate the trade?!
oh92 breitdom
@breitdom, :D
@oh92, ;D
Inverse H&S starting to look like a C&H on the right side. Opinions?
oh92 MoonRacoon
@YordiDeKleijn, C&H with a .382?
Ill take a coffee to go :D
+1 回复
Missed your posts.... Glad you're back!
oh92 nofootprint
@nofootprint, thank you!
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 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出