Bitcoin Analysis [UPDATE 17-04-2018]
Aktualisiert
Following yesterday's update, after a strong move higher BTCUSD could lose momentum and begin to retrace. A move below the breakout lower trendline that also coincides with the $8,000 level could trigger a sell-off.
As the head & shoulders pattern has not been violated, it could still complete that would test an initial target zone of approx. $7,500. With that said, there is still a downside risk that could even overshoot and capitulate towards the $7,000 level.
Short term bias is to the downside for now, however a break above $8,200 would trigger an upside break out pattern that would test the $8,500 level.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
As the head & shoulders pattern has not been violated, it could still complete that would test an initial target zone of approx. $7,500. With that said, there is still a downside risk that could even overshoot and capitulate towards the $7,000 level.
Short term bias is to the downside for now, however a break above $8,200 would trigger an upside break out pattern that would test the $8,500 level.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Anmerkung
Head and shoulders neckline has been broken. Further down side risk
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.