Good day! In my previous post, I posted a possible Short opportunity in bitcoin.
Any professional trader should have two scenarios to watch: both Bullish and Bearish.
So, here's is my alternative scenario which is bullish. And I'm sticking to the same target where I mentioned in my previous posts.
Find the Sell Target, Sell Zone and the Stop Loss in...
Good day! In my previous post, I mentioned Head & Shoulders Pattern was forming. But the pattern was invalidated by breaking the shoulder line.
Now we are forming the "Inverse Head & Shoulders Pattern" in the chart. The neck line should be broken to confirm the pattern.
As you can see in the chart, the head and shoulders top is used to predict reversals...
BITCOIN WAS NOW LOOKING AS TO GOING DOWN FROM 5191
WHY I AM SAID BECAUSE THAT WAS HIGH POSSIBILITY AND MANY BIG RESISTANCE ARE AVAILABLE ON 5200 USD AND SECOND IS RSI BITCOIN WILL OVERBOUGHT SO YOU CAN TAKE ENTRY IN SHORT
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Though I don't trade crypto currencies but I am big admirer of Blockchain technology and the idea of Independent Currency for Internet.
I have done this analysis on the request of one of my student as he has been thinking of buying some bitcoin for last couple of months.
Bitcoin it seems have found its near term bottom after year long consolidation and once it...