Hi all,
Bullish Bat pattern:
As you can see on the chart of BTC, I have drawn a bullish bat pattern. This targets a buyzone of 6800 - 7200.
Bear Flag:
The black lines is a possible bear flag with a target of also 6800 - 7200.
Possible Inversed H&S pattern:
The red line (heavy resistance) could turn out to be the neckline of a inversed H&S pattern. If BTC will reach the buy zone, this could be the head of the pattern.
If this scenario goes in play;
The first very important target will be the crossing of the green and baby blue line. Will it break this line, BTC will be in uptrend again.
The second level to watch is the red line (heavy resistance). The last 2 months there were 2 attempts to break this line, but we failed.
It breaks to the uptrend: moontime?
It rejects: back to testing the downtrend line.
(this is not a financial advise, but just my trading idea).
What is your opinion on this?
Bullish Bat pattern:
As you can see on the chart of BTC, I have drawn a bullish bat pattern. This targets a buyzone of 6800 - 7200.
Bear Flag:
The black lines is a possible bear flag with a target of also 6800 - 7200.
Possible Inversed H&S pattern:
The red line (heavy resistance) could turn out to be the neckline of a inversed H&S pattern. If BTC will reach the buy zone, this could be the head of the pattern.
If this scenario goes in play;
The first very important target will be the crossing of the green and baby blue line. Will it break this line, BTC will be in uptrend again.
The second level to watch is the red line (heavy resistance). The last 2 months there were 2 attempts to break this line, but we failed.
It breaks to the uptrend: moontime?
It rejects: back to testing the downtrend line.
(this is not a financial advise, but just my trading idea).
What is your opinion on this?