Hello Friends, Traders and Interested,
quick Update to my past TA s according to the big H & S.
BTC did a small bull run the past 2 days. This bull run touched perfectly the Neckline of the H & S. So - in my opinion - the retest of this Neckline seems to be completed. Now I see 2 Scenarios.
1. we again build a bottom at around 6.5K. This would be a double bottom and if this Point should hold, we might see a powerful bounce.
2. BTC just stops at 6.5 k with a little uptrend ( to 6.7 - 6.8 K) and than the big H & S runs completly, with a few little stops down to the target at around 3.5 k.
In my opinion the 2. Scenario might be more likely. So lets see what will happen.
As always, no trading advice. Trade on your own risk and trade safe.
Yours Sascha
A Like and a Follow makes me happy
quick Update to my past TA s according to the big H & S.
BTC did a small bull run the past 2 days. This bull run touched perfectly the Neckline of the H & S. So - in my opinion - the retest of this Neckline seems to be completed. Now I see 2 Scenarios.
1. we again build a bottom at around 6.5K. This would be a double bottom and if this Point should hold, we might see a powerful bounce.
2. BTC just stops at 6.5 k with a little uptrend ( to 6.7 - 6.8 K) and than the big H & S runs completly, with a few little stops down to the target at around 3.5 k.
In my opinion the 2. Scenario might be more likely. So lets see what will happen.
As always, no trading advice. Trade on your own risk and trade safe.
Yours Sascha
A Like and a Follow makes me happy