Bitcoin is currently in a trend constructing an inverse heads and shoulder pattern. Since the last week of November Bitcoin faces its worst down ward reactionary move and it tried to bounce back after a struggle by the bulls on mid December. When Christmas and New year holidays in addition to the CME futures expiry date approach again we have seen a little correctional move. By now an engulfing candle is already constructing in the 240M chart and both 50EMA and 89EMA are struggling to keep on the upper side of the candles. Volume seems coming back by the last 12 hours. If Bitcoin can construct the inverse H&S pattern and manage to break the resistance at around 4402 USD we can hope a short term bounce from the giant in a short period of time.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Trade closed: target reached:
First Target Achieved for our short term accumulation recommendation.
Reached 4114 USD.
14.2% profits so far.
Reached 4114 USD.
14.2% profits so far.
