Hi One and all to my first BTC analysis of 2019. I hope you all had a wonderful new year.
Without further ado, BTC.
I have removed my IH&S pattern to aid clarity, if you want to you can go back to my previous publication to read what I had to say there about the formation.
A word before we continue though, as you will no doubt see BTC slid a little into the...
I am sure everybody has seen this pattern by now but will it fulfill its promise ~ I am not so sure?
Targets calculated using Elliott Wave Impulse fib levels and Bulkowski for Inverse Head & Shoulders.
Been absent for a while watching whats been happening.
In my last post all those months ago I got caught up in the hype of everything. Now after taking some time away to learn and reflect on it all, im back with a fresh perspective and analysis.
A inverse H&S pattern is starting to emerge from the charts. This doesn't by it self indicate a trend...
Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
This is a plan for GBP users looking at bitcoin...
With 10 touches of this level and the approach towards the end of this choke of the triangle, we are eagerly awaiting a break upside or downside for BTC. We could see a late year end bull run, or even midway through January before anything gets rolling. That is if we break downside FIRST within the last few months of this year.
Some positive action from Bitcoin rasies the market spirit and some of the alts too
here is BTC in four of the main trading pairs with fiat
been a nice day for scalping, golden crosses about to form
CoP indy moves bull mode and 7,500 area would be next bull target
looking positive to move up more, will be a slight pullback i expect but nothing to harsh if it...
As you can see the price has respected both support and resistance lines in the past, we will be keeping a close eye on this trade as it could provide a big pip count.
Entry, TP and SL will be provided for our clients once the trade becomes valid. If you are interested in joining us then message us.
I predict BTC will move fast, if it does I plan to take profit as swing traders will capitalise the volatility and looking at rejoining the market before the correction, based on my years of experience watching the crypto market in these pullback situations