Bitcoin has formed a Head and Shoulders pattern following the break-out below the Channel Up and the MA50 4H.
Trading Plan:
1. Sell as long as the price is under the 23500 neckline.
2. Buy above the 23500 neckline.
3. Further Sell under 22300.
Targets:
1. 22500 (top of Support 1).
2. 25400 (representing a +13.10% rise, a norm during this rally).
3. 20500 (top of Support 2).
Tips:
Textbook Bearish Divergence on the RSI.
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Trading Plan:
1. Sell as long as the price is under the 23500 neckline.
2. Buy above the 23500 neckline.
3. Further Sell under 22300.
Targets:
1. 22500 (top of Support 1).
2. 25400 (representing a +13.10% rise, a norm during this rally).
3. 20500 (top of Support 2).
Tips:
Textbook Bearish Divergence on the RSI.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.