Hello ALL,
As we can see here on the 4 HOUR BTC chart there are a few potential scenario's in place. I like to start with the bad news concerning what some would call a QUASIMODO head and shoulders pattern that might be developing here. It would be shame after the fight the market put up yesterday after futures close and the positive vibes its still giving out. This would for sure take us down below 6K if she played out. Lets move on the the W for winner bottom formation that would be the most pleasant of pleasantries at this time but she also requires some fuel and by fuel I mean sustained Volume to get this market over 7200 and back on track. its the weekend coming up but lets see what happens Friday.
So to recap if we can push higher with volume I will be looking at some personal positions, if we drop this could get ugly.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
As we can see here on the 4 HOUR BTC chart there are a few potential scenario's in place. I like to start with the bad news concerning what some would call a QUASIMODO head and shoulders pattern that might be developing here. It would be shame after the fight the market put up yesterday after futures close and the positive vibes its still giving out. This would for sure take us down below 6K if she played out. Lets move on the the W for winner bottom formation that would be the most pleasant of pleasantries at this time but she also requires some fuel and by fuel I mean sustained Volume to get this market over 7200 and back on track. its the weekend coming up but lets see what happens Friday.
So to recap if we can push higher with volume I will be looking at some personal positions, if we drop this could get ugly.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.