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JonRulz
Feb 11, 2018 4:52 PM

Bitcoin: The end of the correction?! Head and Shoulders Pattern! 

Bitcoin / TetherBittrex

描述

As we can see on the bitcoin -3.37% chart, a possible head and shoulder pattern could be at play. The MACD has crossed and there is a nice divergence I marked on the chart. These are bullish signs. However, yesterday ended on an indecisive candle stick. This means if BTC -3.37% ends on a red day, there could be some more red days. Right now it's to early to tell where BTC -3.37% will head short term. If it breaks this head and shoulder pattern and retests and stays above, I would consider that a good entry, if BTC -3.37% ends on a red day today, I would wait around for a bit.

评论

Broke above neck line, a retest of the neckline will confirm further movement upward.

评论

Close to my 2nd target around $11,200

评论

$11,000 - $11,500 are good levels to take some profit. Sell your short term positions soon.

交易结束:到达目标

It hit our target exactly. Another run could pop it to the red downtrend line, but I think that's less likely. I expect a pull back around 9.5k to 10k. Next target is between 12k - 12.5k
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