BITCOIN: another pattern another Jump?
Sometimes the market seems to show us with anticipation what will be the next move...
This is today's case... we have a nice pattern in formation and it is not what you think it looks like...
It looks like a "falling dick" profile but indeed it is an "Inverted Head and Shoulders" Pattern and used to be bullish.
Neckline at 9251 USD.
Confirmed if neckline breaks with volume...
Entry? There are three options IMO:
- If I were an "aggressive" trader, I am already late...
- Entry just after the breakage
- Entry just after the retest of the neckline after breakage, which is less risky but also with more chances of being late...
In any case, I will post in comments what I did later on If I do anything :-)
I'm sharing only my quick trading Ideas here, not financial advice at all ;-)
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
agree to you, nice an appealing analysis, bitcoin has every chance to move upward as it has been consolidating for too long
It looks like a "falling dick" Hahahaha
Thanks for the TA @toofasteddie.
So, did you enter or still waiting?
hahahhahha! yes, I entered and quickly exit because the volume was so little but was funny ;-)