As we were assuming few days ago that XBT may form an inverse H&S pattern, it is confirmed and can be seen in the chart. We have a pretty nice green candle(supported by volume) giving breakout of both two things:
1. Inverse H&S
2. Short term bearish channel.
EMA confirming the coming trend to the bullish side, a golden cross is seen.
However, a 4hr candle is still closed below 12k.
We can notice RSI divergence.
MACD indicates a cross for the upside.
Target: Profit should be book at the 2019 high which is 13500-800.
If your analysis match with this, go ahead.
Please like this idea if you found it useful and comment down your ideas. :)
1. Inverse H&S
2. Short term bearish channel.
EMA confirming the coming trend to the bullish side, a golden cross is seen.
However, a 4hr candle is still closed below 12k.
We can notice RSI divergence.
MACD indicates a cross for the upside.
Target: Profit should be book at the 2019 high which is 13500-800.
If your analysis match with this, go ahead.
Please like this idea if you found it useful and comment down your ideas. :)
Trade active:
We're already 800usd up from the time i post this idea and trade is still active.
All the factors that i publish last night still in favor of upside to the target price.
All the factors that i publish last night still in favor of upside to the target price.
Trade closed: stop reached:
This trade was closed, my revised target was hitted around 12300.
Profit taken. :)
Profit taken. :)