Bitcoin 1D update: Let's make a quick check on daily chart of CME Bitcoin Futures. Currently I can see developing Inverted H&S pattern, which can be a small part of bigger Head and Shoulders pattern. From Jul till today we are in big Wedge. Unclosed Gap at purp area near $11000. On short-term we can wait for entries on levels from this chart: Targets for H&S should be within $8400—9000 range. Wedge target near Gap at $11600±200.
Good luck, stay profitable, this is ArtemCrypto
Trade active
Target 1 $8400
Trade closed: target reached
Target 1 reached. Expect some sideways action within 7500-9000
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.