BTCUSD Daily. I'm seeing this graph is so convincing. I'm seeing this graph is so convincing than anything else available in the market.
Btcusdanalysis
BTCUSD 4h. All in expecting to see 7597.Since BTCUSD follows the parabolic trend and leaner support hope this strategy would work out.
BTCUSD - and what?Morning Traders,
If you take position after price breakup trough TL2 that that was outstanding and easy position.
I have created Channel but the price did not reach upper line of the channel.
I just waited for candle to be closed. On the lower TF momentum slows down.
But we have wait until price either break trough the TL of the channel or rises higher.
And that perhaps is price doing right now. Look like price is loosing momentum pay close attention what is happening on chart.
But keep in mind that this is four hours candles anything can happen in that time.
Thank you for like it my analysis.
BTCUSDT 4h. Rsi divergence and a inverse H&S#BTCUSDT 4h.
one thing I've noticed is that btc doesn't care the rule of where should an H&S form and if it's valid or not. it will work out certainly leaving you fool 85% of the times. if you can recognize it on time you can have the real advantage.
Reason and Confluences:
1. Bullish Rsi divergence.
2. There's inverse H&S **BUT it still not confirmed.
3. Following daily time frame, there's a bull pennant ready to break upside.
@in_tradingview
#TradingView
Distribution might be going on in bitcoinsevidences supporting the conclusion provided in chart..
shortening of buying thrust after the june rally, quickly followed by large severe selling waves
and lack of follow through in the subsequent rallies and at the present position of the trading range
the inability to cross above the 20dma, shows weakness in the price action
unless the supply trendline is decisively taken out, price action on bullish expectation
is better taken with a pinch of salt
even then also, traders should be cautious of a upthrust formation at the level of the high made in june
support as mentioned at the 200 day wilder moveing average and the zone of previous reaccumulation
should be considered - 8000-7500
happy trading guys!
Disclaimer.... not an investing/trading recommendation
BTCUSD 4h time frame. there are three H&S and one of them failedBTCUSD 4h time frame. there are three H&S and one of them failed. watching current one if it does hold right shoulder then possibily target 11364 can be achieved and if not holds then downside 8443 for initial low.
Just a thought process.
btcusd forms as usual right shoulder always smaller then left. so pull may happen small and then zomed up.
BTCUSD formed inverse H&S 4h, short term target 11129, 11788.BTCUSD formed inverse H&S 4h, short term target 11129, 11788.
