Nickonomics

Bitcoin (BTC): Key Intraday Levels

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Not much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels:
  • 7500 is the key point of control
  • 7320 is the right shoulder level. If the price breaks below, the H&S pattern is invalidated, and we will most likely turn bearish
Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.
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Comments

Another awesome one
+2 Reply
great, thanks
+2 Reply
good
+1 Reply
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