Broadening pattern
Broadening Wedges
Highly recommended buy XBTUSD on Bitmex with good profit with me..!!
don't loass the opportunity this time is highly buy..!!
in.tradingview.com
xbt long around 8145 if breakout occur above the parallel channel with volume, next resistance is 8300 and current support is 7550. but we take short term entry now with strict stop loss around 8020. use trailing stop loss if price is going to above the buy price and sell near about resistance zone.
KEEP EYE ON BITCOIN
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THIS IS NOT FINANCIAL ADVICE.
ENJOY SOME PROFITS
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THANKS A LOT
WISE YOU SUCCESS
IF BTC sustains above 7800 support then it will go up(reverse head and shoulders pattern).
If break 7800 then we can see 7200 and will follow the impluse wave.
Currently showing reversal from 0.618 fib level . May break the 0.618 level and retrace upto 0.786 level if break break below that then wave scenario fails but most probably not break the 0.618 level
TAKE ENTRY ABOVE 8200 LEVEL
T1 - 8400
T2 - 8520
3200 dollars is the greatest support ever existed, Currently, Bitcoin is trading near 8000 dollars and a breakout above 8k dollars can take BTC to 10k dollars which is major resistance. We need to break 10K dollars with high volume for bullish confirmation.
just my own prediction (may or may not be correct)
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Long Above 7150
Short Below 6850
Disclaimer: Invest Money at your own risk. This analysis just for knowledge
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