__________________________________________________________________________________________________________________________________________________________________ Hello friends, traders, investors and community. Today I share some important information with you about bitcoins price movement in the last days! We are looking at the 4-hour chart and as bitcoin advanced to higher levels there are some solid bullish signs, building a recognizable foundation for further upward movement! Lets go! __________________________________________________________________________________________________________________________________________________________________ As you can see in my chart bitcoin just confirmed a major inverse head and shoulder bottom pattern, which formed the local bottom for us now. We just confirmed this important inverse head and shoulder formation as bitcoin is trading now in an upward triangle.
There is a high probability that we will confirm the triangle with ongoing upward movement to higher levels as you can see marked in my chart with the black arrows.
When looking on my chart you can see two major price levels which we are likely to touch, these also forming the two targets for the current trade opportunity. The first target is at 9450 USD and the second one at 10000. I will open a LONG position here with a trailing stop-loss at 8980. __________________________________________________________________________________________________________________________________________________________________ Friends! Feel free to support my project with your like and follow! "Success is not final; failure is not fatal: It is the courage to continue that counts." In this manner, have a good weekend everybody! All the best! ;) __________________________________________________________________________________________________________________________________________________________________
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Information provided is only educational and should not be used to take action in the markets.