$NCASH past Head & shoulders Pattern.
Timeframe: 1hour
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in $BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.
That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
As spotted in the chart, we have seen a Head and Shoulders (H&S) pattern in $BINANCE:NCASHBTC.
Now we are out of the H&S and going down looking for some support. If
BTCUSD doesn't move a lot for some hours-days it is likely we are going to hit support zones.That been said, it will be a nice opportunity if we see some volume coming in support zone for re-entry positions.
But you now, I always entry a small position in case we go down to next support and you can buy a bunch more there.
NOT FINANCIAL ADVICE. This is me recording some thoughts for backtesting in the future :)
By the way, thanks for watching/reading :)
I wish you all the very best!
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.