Understand Why BITCOIN-Bulls Have The Upper Hand - Next Stop 14k
I had this scenario for a couple of days. I will not use , even though we get the same result: A WXY parttern or Double Three. lI will go back to Classical Charting, and I will tell you, why the Bulls have the upper hand. We just had a good close here on the 8 hour and a decent on the 4 hour.
As you can see we are inside a big neutral triangle, BUT the formation is more than though.
Short term we are fighting with resistance around 11,4k USD. The bulls need to go up, so they dont get caught in the HS Formation with the 2 yellow rectangles, which acts as shoulders.
But as long as we keep making Higher Lows, we will eventually make an , which will take us up to 11,6k, where we have resistance from the big triangle.
But suddenly the big inverse is in play, which most likely will take us further up. If we measure the distance from the Head to the neckline, and hereafter apply it on the right shoulder we will hit 14,000 USD!
Here you go - And Remember That LIKE!
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But so far, as you can see, we are still making a beautiful Higher Low. And everything is good.
A very important thing I have learned is to stick to my trade, and not suddenly cancel. I have been Long since 10.9k.
And we got rewarded for that here! Its looking really promising now.
And please remember that LIKE. Thats make me happy. TY.
I dont agree that it is expensive though. Expensive is relative, so we can of course discuss this form now till the end of the world. But we document all our trades, and we have a really high ROI, why our customers are getting back their investment after a trade or 2.