BTC TUG OF WAR - - NEXT TARGET $6,800

2018年3月15日

Another H&S forming with the left and head already formed. This H&S iS inside a bearflag that will take us to the next target shown by the dashed red line ($6,800). Also, EW analysis works for the H&S pattern which upon completion with a high volume should make trading this bearflag more reliable.

For educational purposes only.

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2018年3月15日

註釋

My ABC correction path is obviously not correct but that doesn't change that we are still in an unconfirmed right shoulder inside a bearflag targeting $6,800 which interestingly enough is the rising support line from 9/22/2017 and 2/6/2018. if we get there and go below, the next support is at 6K

2018年3月15日

註釋

If BTC rises above the head of the H&S, it could signal a strong reversal. Always have to remind myself that i am only identifying patterns and to stay neutral and wait for a breakout confirmation in the direction it breaks and then trade...

2018年3月16日

註釋

Possible reversal taking place. look at upwards channel we are in both large and small. We will get bullish if we go over head of H&S (red horizontal line) and 20EMA looks like it will cross over 50EMA soon making things more bullish.