BTC heading for a short term 20% rally
Aktualisiert
Charts tell us always the probabilities and the charts are telling us now that short term low of BTC has been formed after touching the previous cycle's ATH around 18000$.
Inverse head and shoulders pattern breakout has occured.
Positive divergence of RSI
Overall, this makes the probabilities of a rally very high.
SL in BTC should be the confirmation below the neckline of the inverse head and shoulders pattern. So confirmation below 20k$.
Target around 25.5$
Inverse head and shoulders pattern breakout has occured.
Positive divergence of RSI
Overall, this makes the probabilities of a rally very high.
SL in BTC should be the confirmation below the neckline of the inverse head and shoulders pattern. So confirmation below 20k$.
Target around 25.5$
Trade ist aktiv
Head and shoulders is slightly modified but still in play. Updated trade idea below. Target and SL remain the sameTrade wurde manuell geschlossen
Bitcoin can retest the 17xxx $ range for a double bottom. Seeing the risk, I would close all my positions related to bitcoin long
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