Sheydahgh

Sheydahgh

If the price can make a bottom here Maybe it can break out the upper band of two channels and the pitchfork and go for the upper band of the outer channel Only if it forms a bottom at this level

Sheydahgh

Hopefully the positive divergence plus potentially shark patter can make a bottom for the price here at h4 time frame!

Sheydahgh

well after failing the previous ideas about predicting its path! we need to wait until a bottom is formed in h4 and daily time frames, then we can decide which way the white metal will choose to go in future! as shown in the picture there are numerous supports according to Fibonacci ret and ext in different time frames, from monthly to h1 right before the...

Sheydahgh

The white metal couldnt form a bottom head and shoulder in h4, If we accept that it hit to the bottom of the daily channel, besides other fundamental elements In h1 time frame probably it follows the path that is shown in the picture!!! We’ll see in time

Sheydahgh

Its early to judge but if the white metal could pass the neckline of head and shoulder pattern it can reach the midline of its daily channel!

Sheydahgh

BitCoing must break the downtrend and the previous peak to make sure its uptrend has started! Crossing the 50 and 200 MA would be another verification for its uptrend.