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Bitcoin (BTC): Correction Levels

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The previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open ekran görüntüsü
The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
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EOS trading in breakout mode: ekran görüntüsü
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As for EOS, we need to see 1-hour bar to close above 18.0 to trade the breakout. Alternatively, there is a short setup with good R/R: ekran görüntüsü
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BTC seems to be finding footing: ekran görüntüsü
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A bottom is likely in place after Bear Trap. Inverse H&S to confirm ekran görüntüsü
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Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin: ekran görüntüsü
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In the meantime, EOS has closed a bar above 18.00. ekran görüntüsü

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.