Hey guys,
We have had a big rally to over 40.000USD per BTC.
In the last days, the market notices a rejection combined with a recovery.
The bounce-back of these levels could lead Bitcoin to retest recent highs, finding 39.000USD as an important Level.
Hitting a temporary bottom with high volume turning into low volume could suggest a bounce back to higher levels for a slight 20% up!
RSI looks good as well while forming a Head & Shoulders pattern, which often appears when a change in trend is upcoming. It acts as a reversal pattern!
Let us see how this chart idea turns out.
Thank you for tuning in,
happy trading,
roman from ger-quality-trades
We have had a big rally to over 40.000USD per BTC.
In the last days, the market notices a rejection combined with a recovery.
The bounce-back of these levels could lead Bitcoin to retest recent highs, finding 39.000USD as an important Level.
Hitting a temporary bottom with high volume turning into low volume could suggest a bounce back to higher levels for a slight 20% up!
RSI looks good as well while forming a Head & Shoulders pattern, which often appears when a change in trend is upcoming. It acts as a reversal pattern!
Let us see how this chart idea turns out.
Thank you for tuning in,
happy trading,
roman from ger-quality-trades
Trade closed: target reached:
Good Job, target reached! Enjoy your gains!
May the force be with you