Bitcoin forms patterns indicating bullish trend to follow.
As you can see on the 4HR chart bitcoin seems to be creating an inverted head and shoulders formation, this is an extremely bullish pattern, for me to enter a long i believe we should wait for the price to break the neckline which would include breaking the 200ma for our entries.
On the 15 min we are seeing a formation of a bullish falling flag. Price has broken out of this pattern which indicates on the shorter term bitcoin is looking bullish. i am going to wait for the price to pullback and reject/ bounce off of a resistance turned support to enter LONG.
Let me know what you think
On the 15 min we are seeing a formation of a bullish falling flag. Price has broken out of this pattern which indicates on the shorter term bitcoin is looking bullish. i am going to wait for the price to pullback and reject/ bounce off of a resistance turned support to enter LONG.
Let me know what you think