As you can see on the weekly time frame, BTC had a nice fall since the beginning of the year but it looks like we can see some exhaustion.
At the bottom of the downtrend on weekly you can see we have a bullyish engulfing candle signaling a possible buy. Where is the last major broken support that hasn't been retested? 5700-6100.
Go down 1 frame to the Daily. Looks like a possible inverted head & shoulders finally forming, I've been expecting it around this level.
How do I know this pattern will most likely form? Look at the 'daily' bullish engulfing signaling a buy on the image above, and now work your way down to the 4hr and you can see it is yet another "possible" inverted head & shoulders pattern forming.
Naked Trading & Confluence 101.
You can't win against price action.
clean markup, clear patterns, common sense.
Personal Opinion: If you ask me, I know that BTC/Crypto Era is nowhere near over yet! It truly is the future. This is only the beginning, nothing can go up forever and it has finally started creating some real structure.
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!
At the bottom of the downtrend on weekly you can see we have a bullyish engulfing candle signaling a possible buy. Where is the last major broken support that hasn't been retested? 5700-6100.
Go down 1 frame to the Daily. Looks like a possible inverted head & shoulders finally forming, I've been expecting it around this level.
How do I know this pattern will most likely form? Look at the 'daily' bullish engulfing signaling a buy on the image above, and now work your way down to the 4hr and you can see it is yet another "possible" inverted head & shoulders pattern forming.
Naked Trading & Confluence 101.
You can't win against price action.
clean markup, clear patterns, common sense.
Personal Opinion: If you ask me, I know that BTC/Crypto Era is nowhere near over yet! It truly is the future. This is only the beginning, nothing can go up forever and it has finally started creating some real structure.
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!