Crypto-Coin-Trader

Maybe we are in a inverse SHS formation

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,

this formation is quite interesting, not because this would bring us over the important resistance from june´19.
Also in the german index DAX there is at this moment building the bearish opposite of this bullish view on Bitcoin (see link to related ideas).

If we will end going much more down, than i draw the next big support levels for you (all in green).
But i don´t think we will get much below the 21 week EMA , if this formation plays out.

Have a nice day :)
Comment: INFO: Ignore the text "monthly channel" at the top left. I forgot to delete this.
Comment: Going down...
Next levels to watch:
6,400 USD
200 week moving avg
Comment: Black swan changed all - for now.
Next steps:

Comment: Back again.
10,800 USD should be the next big test.
If we can reach this, things starting to look really good for the long run!

But actually some sideways action or a small correction is also possible.

Comments

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