VaidoVeek

BITCOIN | Possible "BUY The Dip"

Panjang
VaidoVeek Telah dikemas kini   
COINBASE:BTCUSD   Bitcoin
Hi,

Basically, we have failed the Head and Shoulders pattern. It is not a surprise because as said in my previous post, all saw it on the chart and you probably know how the market reacts when patterns are TOO easy to read!?

Still, a tiny chance that it can play out but never know atm I read it as failed and that's why I think the price of Bitcoin may approach ATH from my marked green box.

The green box consists of:
1) 4-hour 50 EMA
2) Previously worked resistance levels become a support
3) Fibonacci retracement 38%, it is a good level if there is a decent momentum behind the price movement
4) Trendline may help a bit

The idea becomes invalid after a break below 35.0000


Regards,
Vaido
Komen:
Slowly but still approaching the marked area:
Dagangan aktif
Komen:
Got a solid 1h rejection but no continuation after that, so it might fall lower from the box!!

Penafian

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