BTC on Real Bull run Or will drop Like it did at 9k Level?
Actualizado
After 9k Level a significant bullish candle is visible on 4h chart, It broke that green trendline and ran over 8400 in 15 minutes.
Question is : It is real reversal and next Bull run has started? We will know answer soon. First significant resistance at 8600.
It needs to cross 8600 and stay above and launch another shot
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Operación activa
That 8600 Resistance proved strong and BTC needs to do another attempt to break it.Nota
BTC needs to cross 8600 and consolidate there and show bullish sign, till then be ready with stop loss .I will off for some hours , till then play safe . Protect asset.
Operación activa
Aha, Rejected at 8600 level and fell so fast and now struggling at 8300 level, but volume is not enough . Hope you guys saved your money from this TA . If you like my work, share with friends and save them along with you. Nota
A possible H&S building or bear Flag which can take us down again, Bulls need to do something quickNota
H&S Target is around 7900 . It may have some bounce on green trend line and then keep going down to complete target.Operación activa
Are we still making right shoulder or a triangle is in progress? we will know soon.Nota
That small H&S failed but triangle can still be in progress, that means we will have to look at bigger time frame for clear picture .Operación activa
On Bigger timeframe we see some falling wedge:Operación activa
On upside crossing 8600 and staying above is still very important .Operación activa
On one hour time frame looks like making a symmetrical triangle and bearish pinant :Nota
Triangle inside triangle , where we are going ?Operación activa
Breaking down little bit, we need to wait for the close of couple of candles.Nota
That tiny H & S inside the small triangle triggered it . H & S target : 8150 where we may see double bottom and can bounce .
Triangle target : 7900
Stop - Loss : Just above the right shoulder : 8460
But wait and see if next candle on 15 mins chart is rejected from lower line of triangle .
Nota
Momentum is weak for down term, so it is becoming risky, do not enter unless there is next clear signal .Operación activa
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