BTC: 8500 on the horizon??

24. Mai 2019

BTC seems very eager to break out of this Inv-H&S pattern. If successful the target range is anywhere from 8350 to 8500.

Keep close eye on this one.. :)

24. Mai 2019

Anmerkung

Watch Volume, if green volume start to pick up then we might see break out, if not then it might be a failure pattern. Volume is the key. Stoch and RSI are healthy for now.

24. Mai 2019

Anmerkung

BTC finding support at neck-line of H&S, RSI also testing EMA for support. This 1hr candle is imp.

24. Mai 2019

Anmerkung

There it is, we have perfect test of neck-line and continuation upwards. Though it is moving very slowly, but as day comes to an end I am hoping to see some rapid upside moves.

24. Mai 2019

Anmerkung

27. Mai 2019

Anmerkung

Congratulations to all who played this Idea. As said in first post, I was long from 8050 (neckline break point). I held that position for some time and it finally paid off BIGGG time. I closed large sum of my position at 8525 and still holding small position.

On the next move.. :)