Bitcoin crossed today over the Falling Resistance / top of the Falling Wedge pattern.
This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support.
This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation.
This can be the transition from the bearish (Falling Wedge) to the bullish (Inverse Head and Shoulders) trend.
Trading Plan:
1. Buy if a (4h) candle closes above the Falling Resistance.
Targets:
1. 27900 (Fibonacci 2.0 extension, standard Inverse Head and Shoulders target).
Tips:
1. The MA50 (4h) can cross above the MA200 (4h) inside the next 2-3 days. That is the well known Golden Cross formation, a powerful bullish pattern.
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Notes:
Past trading plan:
This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support.
This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation.
This can be the transition from the bearish (Falling Wedge) to the bullish (Inverse Head and Shoulders) trend.
Trading Plan:
1. Buy if a (4h) candle closes above the Falling Resistance.
Targets:
1. 27900 (Fibonacci 2.0 extension, standard Inverse Head and Shoulders target).
Tips:
1. The MA50 (4h) can cross above the MA200 (4h) inside the next 2-3 days. That is the well known Golden Cross formation, a powerful bullish pattern.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.