The previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
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EOS trading in breakout mode:
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As for EOS, we need to see 1-hour bar to close above 18.0 to trade the breakout. Alternatively, there is a short setup with good R/R:
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BTC seems to be finding footing:
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A bottom is likely in place after Bear Trap. Inverse H&S to confirm
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Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin:
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In the meantime, EOS has closed a bar above 18.00.
4H timeframe:-
The chart will speak for itself. We already going sideways for couple of hours. Obviously its an accumulation phase and ready for further momentum upward. Price seems tank at 0.75 fib level
Next target will be 10500-12000
Spread the knowledge and happy trading
userboy
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5k on the way !!!
the_sunship
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Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin:
Why would a reversal signal on ETH signal more pullback for BTC? Thank you
FerdiHodler
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that make sense. Great view
Behrouzzz
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no way we go down without bounce
Bitte88
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you are updating EOS on your BTC post ??
Nickonomics
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@BirgitN, Yes, I am.
Voskresenskiy
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Robbanbiff
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Look at my basic chart i did last night wich was 100% accurate AGAIN.. Please guys follow me for more TAs as i have a tendency to be correct on what price is next ;)