BitcoinPanjang
Bitcoin Technical Analysis (Post-Flash Crash Reversal)
During the rush to buy BCH on the GDAX exchange, BTC's price flew down to around $14000 briefly before rebounding. Currently, GDAX BCH/USD appears frozen at the moment, and has cleared the order book: twitter.com/GDAX/status/943307603760648193
As for BTC, it seems to be reversing. On the 5-minute candlestick chart, there is a very loose double bottom, and on the 15 minute chart, it could very well be the case that we will see a reverse head and shoulders, which will trigger the rebound of BTC to nearing our ATH of ~$19600 (given the approximate height of $2000) and testing the resistance. Of course, it is very possible that this does not occur, and that we see further bearish movement, but I feel that this is a real possibility traders should be prepared for. If it indeed appears, there is a possibility of ~10% profit.
The neckline, of course, may be more slanted than drawn. I advise identifying it if it appears, waiting for the break, and buying in for our target.
Trade with care!
As for BTC, it seems to be reversing. On the 5-minute candlestick chart, there is a very loose double bottom, and on the 15 minute chart, it could very well be the case that we will see a reverse head and shoulders, which will trigger the rebound of BTC to nearing our ATH of ~$19600 (given the approximate height of $2000) and testing the resistance. Of course, it is very possible that this does not occur, and that we see further bearish movement, but I feel that this is a real possibility traders should be prepared for. If it indeed appears, there is a possibility of ~10% profit.
The neckline, of course, may be more slanted than drawn. I advise identifying it if it appears, waiting for the break, and buying in for our target.
Trade with care!
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.