Happy Christmas!
First of all, I'm sorry for a less activity on TradingView for a long time. Let's take a look at what is waiting for us for the next year.
We see that the Rising wedge was broken at $3955. Also, it was a dead crossover for EMAs.
Now we have 2 scenarios.
1) inverted Head and Shoulder. For validation of that pattern, It has to bounce from the trendline (blue), it is near 0.5 FIB ($3630-$3670), Then can retest 4400-4700 again - The probability of that scenarios is 35%
2) Retesting 2900-3000 (which the strong support zone of 2017 bullrun), also it a lower point of the downtrend channel. - I give 65% probability to that scenario.
Please don't forget to like if you like the idea :) Thanks a lot!
First of all, I'm sorry for a less activity on TradingView for a long time. Let's take a look at what is waiting for us for the next year.
We see that the Rising wedge was broken at $3955. Also, it was a dead crossover for EMAs.
Now we have 2 scenarios.
1) inverted Head and Shoulder. For validation of that pattern, It has to bounce from the trendline (blue), it is near 0.5 FIB ($3630-$3670), Then can retest 4400-4700 again - The probability of that scenarios is 35%
2) Retesting 2900-3000 (which the strong support zone of 2017 bullrun), also it a lower point of the downtrend channel. - I give 65% probability to that scenario.
Please don't forget to like if you like the idea :) Thanks a lot!
Nota
Bounced from 0.5 FIb as I expected, now we have to see how strong was that bounce.Dagangan aktif
Nota
We are waiting for iH&S . But I have doubt that it will form that. Let's see.Nota
Seems it got support at 0.618 FIB and trying to form a huge iH&S pattern. BTC has to stay above 0.382 FIB ($3750), then it will be easy for bulls to push it up.Nota
iH&S is in play.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.
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.