KingMidas423
Long

Bitcoin Inverse Head And Shoulders (Dont Miss Out Oct 2020)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Self Explanatory,
Inverse Head And Shoulders on the Daily Chart .
Not saying We're going up anytime soon.
But I will say don't miss out on the halvening.

Comments

u must ghost whose head is downwards side and shoulder on upwards
+1 Reply
KingMidas423 VishalGupta35
@VishalGupta35, I really think it's gonna happen, Not until around October 2020 tho
Reply
KingMidas423 VishalGupta35
@VishalGupta35, Well, Yeah. It's Inverted
Reply
Is This a Troll?
Reply
@shiruba, no. Definitely not trolling. This long is over 6 months or more
Reply
@shiruba, the down trend will even the chart out and will make the neckline more even, then you will see it. I'm calling it early
Reply
Are you eyeing any particular resistance level to indicate the start of the breakout?
Reply
KingMidas423 irsanchez
@irsanchez, this halvening is different from the last two, we've always been Bullish going into a halvening, but this time I feel it's going to be bearish. I'm currently looking at $7800 in the short term. However I'm also keeping an eye on the hashrate ribbon indicator so that I can keep an eye on capitulation if it occurs soon. Additionally I'm also watching the 50MA as of right now to see if it crosses the 200MA on the daily chart. If these events occur I'm going to be even more bearish and will have to do additional analysis to determine a lower support. As of right now I I'm leaning towards us just being sideways between $7800 and $9200 until roughly June - August of 2020 where I think we will break back above 10k and going into September and October we should be at all time highs above 20k
Reply
irsanchez KingMidas423
@KingMidas423, why do you think a bull rally has followed the last two halving events? I have been trying to rationalise the sentiment shift but haven't come up with satisfying logic yet.
Reply
KingMidas423 irsanchez
@irsanchez, The only thing I can think of is Bakkt and CME, And ETF's are up to be reconsidered, Perhaps the market is being forced down so that more can be bought at a lower price? idk. plus capitulation is happening too
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out