BTC/USDTLooking like further fall in Bitcoin we can earn well from it in this fall channel breakout and after that its completing its target of achieving previous low
Bitcoin-short
BITCOIN CHARTbitcoin follows DECENDING WEDGE when it break the wedge it follows the arrow which i drawn.
BTC on consolidation BTC in healy consolidation from yesterday morning. Dont take any big bets until breakouts on either side. wait for confirmation .
BTC H&S PatternBTC is giving a very clear H&S pattern on the 1D timeframe indicating a possible short trade to 12K levels, if this is accurate BTC price could dwindle by almost 55%
Bitcoin SellAll buying seems to be done it seems.Bitcoin has broken 21Week MA and 50Day MA .Although its at 200DMA will give it support and a bear rally till 48000.This will give existing holders oppurtinity to sell .
BSV weekly open == low might mean there is room for it to drop.In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty good indicater that the price currently at 180$ will drop to form a bottom wick making the weekly low lower than the open. This is probability on my side, and I only sold a fraction of my position to capture some profits then get back in to increast my position. This week is contraversial to the last post I made about BSV, but as the price changes so does the plan. God bless.
BTC/USD bitcoin HEAD AND SHOULDERIF PLAY THIS H&S SHOULDER PATTERN BITCOIN TARGET 9600 AND FILL THE CME FUTURE GAP....
BTC/USD STOP LOSS= 12100 LOSS MIN 2% IN CAPITAL
TARGET = 9600
Possible levels of Bitcoin in coming daysAn inverted head and should pattern is being formed while right shoulder still in play. If it forms out well the we can expect healthy retracement upto 6300-6200 levels and then if the Neckline holds then we expect a Bullish sentiment.
Short Advanced Cypher PatternWe are in with a good chance of this completing in the next 12 hours. Strong support, trend line show on chart. Risk Vs reward to TP #1 is 1:1.
Short BTCUSD @17920 target1 16500 and target 2 14900 I feel that bitcoin rally has run out of steam, this seems to be the end of a 5th impulse wave of elliot and the 1st reactionary wave seems to have begun!
I feel the bitcoin will test target 1 of 16500 , target 2 of 14000 and the stop loss for the same would ideally be the rally high, but i feel a close 19300 would also suffice!
