Crypto-Crown
看多

EXTREME Bullish $BTC Scenario (WOW) $ETH $LTC $XRP $XLM

COINBASE:BTCUSD   比特幣 / 美元
As you probably have already seen, BTC             took a big time dive this past morning. While the general public will look for reasons in the news to justify the move, as a trader you already knew something was up when BTC             broke the uptrend trend line around 16k.

Now, is this a bad thing? Not necessarily.

BTC             had previously broken out of the symmetrical triangle it had previously consolidated in after the 20k run and dump. It broke out of that triangle to the upside 2 days ago, rallied up all the way to 17.5k area, the same price range as the left shoulder when bears came in and sold the price down.

Then this morning the selloff commences, BUT price found strong support at the former breakout point of the symmetrical triangle, the trendline where the arrow on the bottom lies. The bounce there looks very strong as it stands. Volume very high on the buy side and both RSI and OBV signaling a strong buy.

Now we go back into consolidation of the triangle breakout range, to the right shoulder of the head and shoulders on the long frame around 17.5k

I don't know how long this consolidation phase will take and it can still fail with a 4 hour close under the trendline that had previously held this bottom up BUT theres one thing to know..

Confirmation to the upside - I would be leaning towards massive upside, likely to new ATH             if BTC             breaks the right shoulder with a 4 hour close above the highest resistance trend line around 17.5k.

Why do I think this - we have seen this trend before, where we bump, then hump, then lump and dump. Look at the prior breakout from 11k to 20k. Very similar pattern where we retested the breakout trend line from the first breakout before taking off to new highs.

Failure on this - a 4 hour close below the current support trend line that has held the bottom of this morning around 13.9k area would signal a new trend has formed.

Not financial advice.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出