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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Price has been very stable inside the rectangular channel and this channel has a bullish structure which can break up at any time.
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BTC potential breakout is approaching, In 1hr timeframe price is trading in a closed triangle pattern.
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hi guys
The triangle manage to breakup, all eyes on the next resistsnace ahead at 6435$ area.
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Immediate resistance cleared next is 6600 again
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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
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Thank you for your support.
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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.
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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
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#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.
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Finally 6600$ was broken
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Price aiming at Re-test of the previous resistance level that has turned to support.
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The formation of CUP still in progress.
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Strong Level to watch for as suppor are shown with blue horizontal lines
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Cup formation still in progress.
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Formation is doing great, we break 6590 Resistance
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Cup formation in progress, its moving gradually.
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Trade closed: target reached
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First target achieved 6809$
Please like this analysis guys
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Price almost hit target for Inverse Head and Shoulder guys. Please like this our analysis. its been a long journey.
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Potential IHS in formation with target pointing at 8000$-8800$