Lilalisa
Short

BTC, way to double bottom at around 6 k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Hello Friends, Traders and Interested,

as promised, okay a bit later than promised, my actual TA to BTC . Its just a compact one, but due to the clear chart, a little bit less complicated.
Okay, as you can see, I am still into the bis H & S with the doubele top ( 11.750). I changed again a little bit the position of the neckline, but with this corrected Neckline ( compared to my past TA), the typical H & S structures are like textbook. The Neckline is a bit left-right corrected. But you can see a perfect right and left shoulder, A perfect outbreak from the neckline, the retest and now the start of downgoing to target. As described in my past TA s, the target ist exactly at the bottom of February. So we might see a double bottom , which might give us a healthy bounce upwards signal.

Yes, the H & S looks nearly perfect ( except the double top and not a one head structure), but we have to see if this H & S will work as normal H & S do. The literature says, that about 80 % of H & S patterns work perfectly. We will see, if BTC will follow this "advice".

Okay, as always, no trading advice, just educational.
Trade on your own risk, and trade safe.

Yours Sascha,

A Like and a Follow would make me happy.

Mar 26
Comment: Hello, just when I finished the TA, BTC drops from the resitance. Now we will see, if BTC falls to the calculated point, and we have to see how fast this will work.

Thanks for your interest,

Sascha
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