Here I have proposed two options for BTC , one bullish and one bearish . The first, and in my opinion most probable option is that we complete our Head and Shoulders here in the next 1-3 days and once again enter our beloved bullish bitcoin market. Many times we see BTC repeating previous patterns such as the one in September which I strongly believe BTC is following currently. The H&S which was inspired by MagicPoopCannon's idea, strengthens my prediction of BTC following this fractal . Now for the second and less probable bearish pattern , BTC will break under this 8750 level and crawl down to 7k- if this occurs I will make more TA as we ride down.
I am waiting to place my longs and shorts until it either runs into 12k with momentum or dips below 8750 with room to go down.
Good Luck with trading :)
(This is not financial advice, this is strictly TA, you should not base your trades solely off of this information and should do your own research before jumping in!!! Every trade has the possibility of failing, so only put in what you are willing to lose. Lastly don't do high leverage kids)
If you liked my TA and feel generous my donation box is feeling hungry.
3BMEXwrVsAAB9KAifZeFKctY9qh4dNnBya BTC
0xa17a7d97fed0c64a18bcd1ae334639131f2b3ea3 ETH
LXq2UbRHsAUPsMgNUFagrMpHFvxrRBwpqU LTC
I am waiting to place my longs and shorts until it either runs into 12k with momentum or dips below 8750 with room to go down.
Good Luck with trading :)
(This is not financial advice, this is strictly TA, you should not base your trades solely off of this information and should do your own research before jumping in!!! Every trade has the possibility of failing, so only put in what you are willing to lose. Lastly don't do high leverage kids)
If you liked my TA and feel generous my donation box is feeling hungry.
3BMEXwrVsAAB9KAifZeFKctY9qh4dNnBya BTC
0xa17a7d97fed0c64a18bcd1ae334639131f2b3ea3 ETH
LXq2UbRHsAUPsMgNUFagrMpHFvxrRBwpqU LTC
Kommentar:
A drop to the 9200 area here would be very healthy for the H&S