BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
656 views
8
656 9
IN long term chart we can see a head and shoulder pattern. It's neckline is critical for BTC . Break down below neckline is negative sign. Support in neckline is vital.
Mar 27
Comment: Neckline area: 7625-7680
Apr 03
Comment: BTC back above to touch neck line.
Apr 03
Comment: BTC move as expected. Break above the 7625 and then 7680 neckline area is a positive sign.
Apr 12
Comment: BTC touch the neckline. Big profit for who buy in bottom.
Apr 12
Comment: Now the most important thing is reaction to the neckline. close above it in a sign of reversal.
Apr 12
Comment: A correction is happening. Back from 7580 and touch 8250 is still possible.
Apr 13
Comment: Neckline Touched as expected.
Apr 13
Comment: Now the most important thing is break out the neckline and close above it or rejection. sit back and watch the reaction to the neckline.
Apr 13
Comment: Personally I think BTC will go above the neckline around 8350-8420 and then fall down.
Apr 15
Comment: 8420 tuoched as expected.
Apr 16
Comment: fall down from 8420! as expected.
next retrace from 7880 is possible.
Area 7600 -7800 could be supportive for final retrace to touch neckline again.
Now look for reaction to 7880.
Apr 17
Comment: First try for retrace from 7900 (7880 good support point) is in process as expected.
Apr 17
Comment: BTC may go to 7600.
First try for retrace from 7900 (7880 good support point) is in process as expected.
Reply
@ShivaNICKARIA Thanks for Sharing! When do you expect to see a break out or a rejection from this neckline?
Reply
ShivaNICKARIA sleguizamon
@sleguizamon,
I think there is a possibility of fake break out above neckline around 8400, but it may fall down after that (tomorrow maybe we see 8400).
Because we didn't see a fast rejection in neckline area.
Reply
sleguizamon ShivaNICKARIA
@ShivaNICKARIA, Thanks for the response! Noticed also there was not a fast rejection at the neckline.
Reply
ShivaNICKARIA sleguizamon
@sleguizamon, Please note that I don't buy in this area for 200usd profit due to high risk area and possibilty of fall down from here.
Reply
sleguizamon ShivaNICKARIA
@ShivaNICKARIA, Likewise, too risky!
Reply
BTC touch the neckline. Big profit for who buy in bottom.
Reply
BTC move as expected. Break above the 7625 and then 7680 neckline area is a positive sign.
Reply
BTC back above to touch neck line.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out