Now we have this inverted H&S and several suggestions, 4 hour chart shows Kijun Sen around 7159 - 7036 (look at the chart) and wait for consolidations periods, this situation can develope between a Wyckoff Distribuition down to the levels above (7159) or a further uptrend crossing 7800 usd levels up to 8500.
If bitcoin is attracted to the red parabolic line we could reach as much as 9500 usd.
look for intra-day confirmations such as Doji's, kumo's crossings, manage stop loss at 10% of your position depending on your level of confidence or margin.
If bitcoin is attracted to the red parabolic line we could reach as much as 9500 usd.
look for intra-day confirmations such as Doji's, kumo's crossings, manage stop loss at 10% of your position depending on your level of confidence or margin.