BTC Inverse Head & Shoulders,Overview and possible price paths
Although BTC can seem fairly hard to read right now I am thinking we are leaning towards a dump off because of the following factors:
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of resistance which could of been to fill short orders)
-Stocastic possibly forming wedge pattern and next move would be down
Notice the most recent high we have come under the 0.618 (right chart), until we close above this I don't see the IH&S having any chance of playig out.
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of resistance which could of been to fill short orders)
-Stocastic possibly forming wedge pattern and next move would be down
Notice the most recent high we have come under the 0.618 (right chart), until we close above this I don't see the IH&S having any chance of playig out.
Dagangan ditutup: sasaran tercapai
This call played out nicely
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.