In this analysis, we see that Bitccoin yesterday make a up when we formed an Head Shoulder Head inverted in H1 timeframe, but that is another end becuase Bitcoin reach approximately at $13,339 USD and then, make a bg red candlestick, that mean a bearish movement, and then, we could see a possible bearish continue of the trend.
That explain in H4 timeframe in this analysis. But, that was a fake movement and Daily timeframe suggested that Bitcoin want to go back to the $12,300 USD. Also, as in H4 we see a pretty bearish divergence + price action confirmed that Bitcoin it's leading with the bearish sentiment right now before to continue up!!!
Very important is to watch the Daily timeframe, this kind of candlestick show a weakness of the bulls. So, I reccomend to right now to be with the perspective bearish. For that reason, I'm do not trade in long position yesterday and I hope a bought of the $13,200 USD with confirmation, that is my strategy what I trade. So, I'm going in favour o the bearish sentiment. I put a short order limit at $13,100 USD towards the $!2,300 USD as my take proit and my SL is $12,424 USD.
I hope that you like this analysis for you!!!
I kow that it's not easy to trade cryptocurrency by volatile and manipulation by whales. But, if you have a knowledge and a strong psycology on the supply and demand, you're have successful.
That explain in H4 timeframe in this analysis. But, that was a fake movement and Daily timeframe suggested that Bitcoin want to go back to the $12,300 USD. Also, as in H4 we see a pretty bearish divergence + price action confirmed that Bitcoin it's leading with the bearish sentiment right now before to continue up!!!
Very important is to watch the Daily timeframe, this kind of candlestick show a weakness of the bulls. So, I reccomend to right now to be with the perspective bearish. For that reason, I'm do not trade in long position yesterday and I hope a bought of the $13,200 USD with confirmation, that is my strategy what I trade. So, I'm going in favour o the bearish sentiment. I put a short order limit at $13,100 USD towards the $!2,300 USD as my take proit and my SL is $12,424 USD.
I hope that you like this analysis for you!!!
I kow that it's not easy to trade cryptocurrency by volatile and manipulation by whales. But, if you have a knowledge and a strong psycology on the supply and demand, you're have successful.
Trade active
In H1 timeframe, we see the same situation. So, Bitcoin is going to down, we have this bearish rising wedge. Good luck on this short positon. I entry right now with a SL at $13,170 USD and my own target will be $12,300 USD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.