BTC/USD escaped from the descending channel(by falling wedge and formation of the pennant). Forming figure like Head & Shoulders with ascending wedge(last 2 weeks), we can notice double bottom(5785$). Possible turning : testing the broken ex-resistance of the channel, but BTC doesn't testing the great ex-support line. Targets 7050$ 7650$
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1D
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touched resistance line!
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Short-term, high probability to growth to the resistance line(neck of the H&S) - 6700$. Patterns by Alligator see in the circles.
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First target reached & almost 7650$. Last high - 7550$.
Agree with this iH&S and mentioned this last week in my BTC realtime #5.
pkb6698
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I'm always looking at your analysis. thanks for a good idea.^_^
I think CME last trade date on july 28th is a very important day.
I need opinions from various people. What is your view of this?
SugarTrade
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axyenna BRATAN AXYENNA :D
cryptoezvip
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You got it right.
majorlee
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yeah man io agree with this, still not broken and closed above key levels, market will breathe downwards first i feel