Bitcoin reached 161.8% extension ratio point. A breakthrough of $9840 becomes an important inflection point in the short term. When $9940 is reached, it is interpreted as Impulse 1wave. After correction A-B-C, the flow of additional rise is expected. this wave can go up $10350 If $9680 breaks before it reaches $9940, it can reach $8800. I will then respond...
I shared a buying strategy yesterday, and the pattern to achieve target was completed. I maintain my previous analysis. The target price of the H&S pattern is $9800 to $9830. * Previous analysis Bitcoin short-term long position
* 1:1 R/R * bottom of parallel line * Short-term trading - Previous analysis XBT / USD, Day candle break out support lv
Maintain previous analysis It would be a trick if this were to create an upward trend. The direction has been fixed. $9880 level is a very strong resistance level. We can chase sell position. The Stoploss mentioned in the previous analysis is lowered to $ 10320. * Previous analysis
This chart show H&S pattern. Pattern target, Bullish GAP and support line exist $230,000~240,000. At that price range, the chart will show the movement of the rebound, and tests will be carried out on the all-high point line. The chart will be accompanied by the overall movement of the U.S. stock market. I think this stock will move to GAP#2 at $150000.
#1 EW, Correction 'N' pattern 0.5(B)-2(C) #2 Short-term, Bearish flag pattern 1.618 - 0.618 #3 Cup with handle pattern