weslad

BTC Recovery In Progress!!!!

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello guys,

BTC recorded great achievement yesterday with closing with full candle and above the previous high.

Yesterday we spotted CUP and Handle formation and again with how BTC closed yesterday we has another pattern in view which is INVERSE HEAD and SHOULDER.


We may see some retracement down before major move will start again.


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Trade active:
Trade active: Price has been very stable inside the rectangular channel and this channel has a bullish structure which can break up at any time.

Trade active:
Trade active: BTC potential breakout is approaching, In 1hr timeframe price is trading in a closed triangle pattern.

Trade active: hi guys

The triangle manage to breakup, all eyes on the next resistsnace ahead at 6435$ area.

Trade active: Immediate resistance cleared next is 6600 again

Trade active: Hi guys,

I hope we are all good so far, BTC has been struggle to keep above the major support and rise one more time at least to re-test 7k zone.

Long term still maintain the recovery process.

On smaller timeframe potential flag and pole which is bullish in nature is forming.

Just as I always say, expect breakout in any of the direction, but TA favour breakup more than the breaking down since its BULLISH flag and pole.

Potential level to watch for Bounce are
6450,
6435
6405
6385


I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

Thank you for your support.
Trade active:
I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

Thank you for your support.
Trade active: Pole and Flag pattern failed.

We have immediate resistance at 6375$ if price manage to pass through it we will return back into previous ascending triangle.

But if 6375 strong to become resistance we may see price back down to re-test 61XX

Trade active: #BTC


I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

Thank you for your support.
Trade active: Finally 6600$ was broken
Trade active:
Trade active: Price aiming at Re-test of the previous resistance level that has turned to support.

Trade active:
Trade active: The formation of CUP still in progress.

Trade active: Strong Level to watch for as suppor are shown with blue horizontal lines


Trade active
Trade active: Cup formation still in progress.

Trade active: Formation is doing great, we break 6590 Resistance

Trade active: Cup formation in progress, its moving gradually.

Trade active:
Trade closed: target reached: First target achieved 6809$


Please like this analysis guys
Trade active: Price almost hit target for Inverse Head and Shoulder guys. Please like this our analysis. its been a long journey.

Trade active: Potential IHS in formation with target pointing at 8000$-8800$
Trade active
Trade closed: target reached: Price kissed 7432$, second target achieved
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Comments

great analysis
+1 Reply
Cup and handle just spilled its drink on the floor. Get ready to short back to 5800.
Reply
weslad jollygreen
@jollygreen, That does not spoiled the pattern.
+1 Reply
Funny I see the ecxact opposite:
Reply
cup and handle... hm
Reply
Hope you use a stoploss! Bitcoin can be deceiving
Reply
weslad TheTrex
@TheTrex, That is a must use tools for any good traders. Its highly expected that anything can happen.
+4 Reply
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