Suris

BTCUSD Head & Shoulder Pattern Possibility

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In the 1 Day criteria, we can look completion evening star candle pattern yesterday.
But today, we can see it can be broken with big white candle. It broke My Acceleration Trend #1 and try to brake Main Bearish Trend . Some guys tell that this bullish trend came from Amazon Bitcoin Issue. But it isn't verified yet.

Anyway, in the 4 hour chart, we can see hook signal in MACD indicator, and reverse in RSI indicator too.
but in the 1 day chart. we can't see that reversal signal in indicators yet. Maybe we can find it tomorrow whether next candle is white or black.

Whether it will be bullish or bearish , this market has so much liquidity.
Just relax and find your own signal to get the proper position.


P.S. Because i am Korean and Technical Analysis Newbie,
I'm not good to use English and Chart Analysis.
But I want to learn more and more.
So if you give comments to share your idea, i will be happy for it.

Thx
Comment:
You can see rising wedge pattern

Comments

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