Hi, guys! Hope you like my last charts and you made money together with me :)
We have a lot of good news:
1) We found strong support ~5800-6000
2) We broke the longtime downtrend channel
3) We broke 6200 resistance
4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an explosive rally.
5) RSI and MACD turned around and going up
6) Momentum went literally vertical
This is the worst time to be bearish :)
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
We have a lot of good news:
1) We found strong support ~5800-6000
2) We broke the longtime downtrend channel
3) We broke 6200 resistance
4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an explosive rally.
5) RSI and MACD turned around and going up
6) Momentum went literally vertical
This is the worst time to be bearish :)
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Comment:
Here we go. The first target was reached. BTC trying to break EMA 200 and if it will be breached, we should see a serious FOMO. SL required here. Another scenario - even larger Inverse H&S, and if we will take this path, then we should draw the right shoulder right now. Take care of your risk management, sit back and enjoy. About larger inv H&S in my new chart today.
Comment:
Moment of truth