Abtin00

BTCUSDT End of the downtrend

Long
BITMEX:XBTUSD.P   Bitcoin
Hello guys

We are back :D

In this chart in 1h time frame , we had downtrend from 62k to 50k that last night happend
In here we are thinking that the most excited and powerful pattern ( Reverse head & shoulders ) are making and the trend of market can reverse to uptrend , we need confirmation of market ( we need pullback ) to the range of neck and we see some pattern of uptrend then we can take long position ( buy ) until first target at 55k then if it can break the upper line of the channel and then pullback to them we can take other long position ( buy ) until 62k

Dont forget use Stoploss ( SL )
Good Luck
Abtin

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.