We have tried to analyse 3 different time period chart. 1 D, 4 Hours, and 1 hour.
Analysis of Which is : for 1 Day, BTC is yet to complete its target of inverted cup n handle, so we expect it to South.
But if we see 4 hours and 1 Hour Chart, we see inverted wedge which is Bullish pattern, but don't get fooled by this. Crypto Currency doesn't honor this particular pattern, it can swing either way.
No Matter what happens, we expect it touch the cup n handle pattern's target : which is near to 4500.
In b.w we might see many HnS and inverted HnS, those patterns will last for very small targets, unless u r not a day trader, u should ignore it. Because Possible HnS pattern is not having momentum.
In 4 Hour chart , we can see it has completed its wedge's range movement, its time for BTC to break the wedge, but in whatever direction is moves, it is yet to touch 4500.
Hence, For long term: Short 4500, SL 8000
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Thanks
Krypto Times
Analysis of Which is : for 1 Day, BTC is yet to complete its target of inverted cup n handle, so we expect it to South.
But if we see 4 hours and 1 Hour Chart, we see inverted wedge which is Bullish pattern, but don't get fooled by this. Crypto Currency doesn't honor this particular pattern, it can swing either way.
No Matter what happens, we expect it touch the cup n handle pattern's target : which is near to 4500.
In b.w we might see many HnS and inverted HnS, those patterns will last for very small targets, unless u r not a day trader, u should ignore it. Because Possible HnS pattern is not having momentum.
In 4 Hour chart , we can see it has completed its wedge's range movement, its time for BTC to break the wedge, but in whatever direction is moves, it is yet to touch 4500.
Hence, For long term: Short 4500, SL 8000
If you like the TA, do hit the like button and dont forget to subscribe.
Thanks
Krypto Times
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I will also post image of my position. So that u guys can see, what i say , i do.
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My Position:
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My Position:
i67.tinypic.com/2ugo0ut.png
i67.tinypic.com/2ugo0ut.png