tradingwithyg

BTC Inverse head and shoulders play (long)

Panjang
COINBASE:BTCUSD   Bitcoin
BTC is going through consolidation after retesting $8.4k level (resistance/pattern neckline). I can see this pattern acting as a continuation pattern further to the upside. If price can break above and hold the $8.4 level I can see it continuing up towards $10k. Price faced some resistance around $9.9k back in March and May of 2018. Will need a volume spike to see this pattern come to fruition. Resolution should come soon as price is nearing the apex of the asymmetrical triangle.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.