Decrypt0

BTC - Price action interpretion

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Small analysis, bias confirmation for bull market
chart & trendanalysis

1 step before because hindsight is 20/20
Comment: Important to note is that this idea will still be valid even if we go sub 9k, however i think that 7k will be the lowest (if we go that deep)
Comment: Brush tool:
Small IHS=Purple, this will act as the "head" for the orange IHS below
Orange=Large IHS
Comment:
Comment:
Comment: I'm a Wizard.. maybe :)
Comment: ok so my perception is still the same, we can see that the right shoulder is significantly stronger than the left one, which leads me to believe that another surge is bound to happen, right now there's a bit of consolidation going on.

We are on route.
Comment: Price formed H&S pattern, but BTC can rebound from 10k level and resume the uptrend
Comment: 10k reached, if this breaks down this analysis is invalidated. Bounced for now though.
Comment: I actually forgot, lol, scrap above. See below.
Great one !
Reply
Decrypt0 Bullandbeartrading
@Bullandbeartrading, Thank you :-) Looks to be playing out as i thought. Now we just need not to go below 9.5-9.6 level and i think there is a high chance we will see some movement according to this chart
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out