Timeframe: 1hour
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD
doesn't move a lot for some hours-days it is likely we are going to hit support zones.
That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD
doesn't move a lot for some hours-days it is likely we are going to hit support zones. That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!