BitcoinLong
$BTCUSD - Ending diagonal
Hi guys! 👋🏻
🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back.
🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern.
🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well
🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back.
🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern.
🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well
🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Related publications
Disclaimer
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.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Related publications
Disclaimer
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.