So what's going on trader hope you have a good trading day
Telcoin is doing very well right now
I think the pair is producing an inverted head and shoulder which can take it to a new high level so keep an eye on it
Have a good day
what's up traders, I hope you have enjoyed the weekend :-)
since 24/7 btc start a correction wave and now price is moving down to retest support area (6800)
if it break support area we will continue down and that a huge sign that the price will fall down now is that (possible) to break support area ??? yes of course; but is it likely ??? i don't think so If...
what's up trader
sorry This update from yesterday and I forgot to publish it :-)
as we can see the price hit fibo level 61.8 ( 7600 $ )
and RSI shown a reversal pattern (H@S)
price need to retest support area at (6800 / 6700) to continue up and break downward trend
if retest failed we will see red market again ( i hope that does not happen )
i hope you enjoyed this bull run
here what i expect for the next step for bitcoin
after head and shoulder pattern the price almost hit the technical target but now price shown signs of reversal and what i think it will move down to retest the necklin and after that it will continue trending up
if the retest failed maybe we will see a huge selloff and the price...
what's up trader here is a new analysis for bitcoin :
since 12/06 the price break below support area (6600) and make a new bottom at (5800) after that the price moves up to retest the broken support and successfully closed above it wich gives an idea that the previous break out was fake ( bear trap )
now btc showing signs of reversal pattern ( h@s ) the price...
what's up trader ... here we have another analysis for bitcoin
1- since 02/07 btc is moving in sideway channel (orange rectangle) but the price make false break out (blue rectangle) and the price didn't reach the upper channel limit this gives(due to the price action) an idea that any break in the other side maybe true
2- now the price has formed H&S pattern...