As you can see in the Chart COINBASE:BTCUSD has created flag and pole pattern and given a clear breakout. Possible next move is mentioned in the chart and all the levels are also mentioned
Disclaimer : For Educational purpose only
What is an ‘inverted cup and handle’?
An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle.
If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted...
As u can see on the chart ... BTC has given multiple pattern breakout
1) Rounding bottom
2) Inverse Head and shoulder
3) Trendline breakout (with good volume)
Currently it has given the breakout and Retesting it ..
Levels are mentioned in the Chart
It can be bought at CMP with SL mentioned in the chart with immediate Target of T1 for Swing Trading
Cmp - 32750
Stop - 30500 on DCB
T1 - 41300
T2 - Open, Review at 41300
Expected Holding Period - 30 trading days or earlier for T1
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Bitcoin Looking For Short Opportunity in 1H Time Frame
REASON: Multiple Rejection and Then Breakout, But It Didn't Sustain and Break the Support and Retested The Support.
Note: Also, Keep It Mind that trust no one makes your own analysis
In this 4 hrs. Technical Chart I'm trying to Show Support And Resistance Levels.
4hrs Chart Shows BTCUSD Take Support @ $30066 After That Near $53800++ Strong Resistance.
If That Resisteansce Work Then BTCUSD Will Crash Near $17000 If This Support Work Then As Per the Chart Shows we Need To Breakout $46000++ After That Upside Target Open.
Let's Hope For The Best!
BitCoin – Next Tulipmania?
Selling Pressure is seen in BitCoin after Elon musk announcement.
Chart is around its major support level.
If 39520 breaks on weekly basis then Prices will easily reach 26650.
Extended target can be 19100.
If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk...
In a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies.
Nothing? Not quite.
Bitcoin has so far shown great resilience, foiling any negative news. I...