ביטקויןמעודכן BTCUSD - Waiting for breakout confirmation - UPDATE 9 october
BTC reversal Head and shoulder - testing the NECK
After a short bounce from the neck, we are waiting for more price movement.
For now, the neck has hold the price.
Previous analyse (october 8):
BTC reversal Head and shoulder breakout has been confirmed.
-BULLISH CONDITION
The neck is showed on the chart as 'support neck' - 6640
The price closed above the neck and I am patiently waiting for confirmation.
Now we are using the neck as a support and we are waiting for a bounce.
If it bounce from the neck and it go above the breakout zone, we can BUY and expect a bullish continuation trend.
Why am I waiting to buy even if it broke the big resistance (red diagonale on the chart) that everyone is talking about?
Because we don't want to get caught in a bull trap.
Always considering the risk management first.
-BEARISH CONDITION
1. If the price closed below our 'support neck' - 6640, we expect the price to test the support zone .
2. If the price closed below our support zone as showed on the Chart, I am expecting the price to go further down.
That would mean our bullish channel would be breakdown.
In this scenario, I will reevaluate the market and do an update.
Thank you,
After a short bounce from the neck, we are waiting for more price movement.
For now, the neck has hold the price.
Previous analyse (october 8):
BTC reversal Head and shoulder breakout has been confirmed.
-BULLISH CONDITION
The neck is showed on the chart as 'support neck' - 6640
The price closed above the neck and I am patiently waiting for confirmation.
Now we are using the neck as a support and we are waiting for a bounce.
If it bounce from the neck and it go above the breakout zone, we can BUY and expect a bullish continuation trend.
Why am I waiting to buy even if it broke the big resistance (red diagonale on the chart) that everyone is talking about?
Because we don't want to get caught in a bull trap.
Always considering the risk management first.
-BEARISH CONDITION
1. If the price closed below our 'support neck' - 6640, we expect the price to test the support zone .
2. If the price closed below our support zone as showed on the Chart, I am expecting the price to go further down.
That would mean our bullish channel would be breakdown.
In this scenario, I will reevaluate the market and do an update.
Thank you,
הערה
הערה
This is a 16min Chart of BTCI am looking at tis reversal Head & Shoulder
-BULLISH CONDITION
If the price close above the neck - 6668$ - and retest it
that would confirm the bullish pattern.
The target is 6720$-6730$
That would put BTC price right back on our 'breakout zone' - at the top - of my 4H chart
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.