BITCOIN - SHORT TERM DIAMOND - SYMETRICAL TRIANGLE
Dear traders,
Here is a quick update for Bitcoin.
We are looking at the 30 minute chart of Bitcoin and see an inverted Head shoulder formation after which a symmetrical triangle has formed. It is in fact also a DIAMOND pattern.
This Diamond comes after a sharp rise and may indicate a possible short term top but the triangle will make it clear with an breakout above or below the triangle.
My last analysis showed big profits with the Diamond pattern but as you know nothing works always for 100%. It is always adopting redrawing the picture to have the most updated charts.
Gyu's on a breakout downwards we may see lower prices and vice versa if the price breaks out upwards.
We see that volume increases in the decline and decreases in the rise. That is a bearish sign. Volume is always very important to validate breakouts as is the same with re-testing trendlines .
Target at breakout upwards 49562 and downwards possibly again USD 30000.
A breakout upwards will also further validate the Inverted head and shoulder pattern form my previous analysis. Target around 50000 USD.
Stops at an upward breakout need to be placed below the last swinglows and vice versa at an upward triangle breakout.
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research before taking positions!
Here is a quick update for Bitcoin.
We are looking at the 30 minute chart of Bitcoin and see an inverted Head shoulder formation after which a symmetrical triangle has formed. It is in fact also a DIAMOND pattern.
This Diamond comes after a sharp rise and may indicate a possible short term top but the triangle will make it clear with an breakout above or below the triangle.
My last analysis showed big profits with the Diamond pattern but as you know nothing works always for 100%. It is always adopting redrawing the picture to have the most updated charts.
Gyu's on a breakout downwards we may see lower prices and vice versa if the price breaks out upwards.
We see that volume increases in the decline and decreases in the rise. That is a bearish sign. Volume is always very important to validate breakouts as is the same with re-testing trendlines .
Target at breakout upwards 49562 and downwards possibly again USD 30000.
A breakout upwards will also further validate the Inverted head and shoulder pattern form my previous analysis. Target around 50000 USD.
Stops at an upward breakout need to be placed below the last swinglows and vice versa at an upward triangle breakout.
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research before taking positions!
コメント:
Traders we have our Diamond breakout as you can see here and down already more than 8 %.
コメント:
Traders, if we go lower than 35600 then 30000 is the first target. I don't say it happens but it is very well possible.
We saw a mega order manipulating the Bitcoin price and that will happen again because the big players send the price where they want!
Look at the massive volume spike!
We saw a mega order manipulating the Bitcoin price and that will happen again because the big players send the price where they want!
Look at the massive volume spike!
Confirm a possible outbreak always with volume. when there is no volume it is not a valid outbreak and with too little volume a possible fake breakout.