This is my first TA publication in Trading view i hope you enjoy it. By no means this is ment to be a suggestion for you to buy or sell at any prices i mention in this analysis, i am only manifesting my opinion, please use your own logic and TA and use this one as a complement for yours.
Chart has a convergence with a retrace to 0.382 fib form 53 low with the support trend line A. We olso have the support trend line B within trend A (B(A)).
So in short tiem frames we should watch if we break through the support trend line B(A) if we do so we would be testing support @81.75 0.382 fib
By what i meant with pattern convergence within different time frames is that in 12 hour chart (i dont know yet how to publish an idea with more than one graph, so if someone knows i would appreciate to enlighten me) we see a big C&H pattern forming, if indeed we have a retrace to 81.75 level, guess what? we would have completed the C&H pattern, and would begin our way up again within the trend A and remain bullish for a while considering the dimentions of the C&H.
Maybe we could be olso forming a giant ascending triangle in the daily chart with those double tops, consolidating the price and breaking again the 100 barrier in the next months.
I do not post targets to reach since i think that should be figured out by each one of us uppon fib, or pattern dimentions and trading strategies.
Hope it is usefull, trade safe, buy lows sell highs, and dont FOMO trade, and if you consider yourself a trader think 100 times before buying BTC at these levels. =)
Chart has a convergence with a retrace to 0.382 fib form 53 low with the support trend line A. We olso have the support trend line B within trend A (B(A)).
So in short tiem frames we should watch if we break through the support trend line B(A) if we do so we would be testing support @81.75 0.382 fib
By what i meant with pattern convergence within different time frames is that in 12 hour chart (i dont know yet how to publish an idea with more than one graph, so if someone knows i would appreciate to enlighten me) we see a big C&H pattern forming, if indeed we have a retrace to 81.75 level, guess what? we would have completed the C&H pattern, and would begin our way up again within the trend A and remain bullish for a while considering the dimentions of the C&H.
Maybe we could be olso forming a giant ascending triangle in the daily chart with those double tops, consolidating the price and breaking again the 100 barrier in the next months.
I do not post targets to reach since i think that should be figured out by each one of us uppon fib, or pattern dimentions and trading strategies.
Hope it is usefull, trade safe, buy lows sell highs, and dont FOMO trade, and if you consider yourself a trader think 100 times before buying BTC at these levels. =)