Interesting Bitcoin price actions
Updated
Hello guys
We can see the lowest BTC hit was 6072 last night.
When you compare to a month ago, buyers also pushed from 6120 back to 6841.
6841 is close to 6874 = the low point of chinkou-span at Jan 2018 (the orange star on the right graph) So interesting !
At this moment, it is still too early telling that an inverted H&S pattern will be formed. We should wait for a breakout from the neck line for LONG positions because some of the indicators did not state the same direction.
Some traders who simply looking for Tenkan-sen & Kijun-sen crossover to go LONG are unsafe, because the chinkou-span hasn’t yet shot above price.
In conclusion, invest your money in Forex market during the waiting period.
We can see the lowest BTC hit was 6072 last night.
When you compare to a month ago, buyers also pushed from 6120 back to 6841.
6841 is close to 6874 = the low point of chinkou-span at Jan 2018 (the orange star on the right graph) So interesting !
At this moment, it is still too early telling that an inverted H&S pattern will be formed. We should wait for a breakout from the neck line for LONG positions because some of the indicators did not state the same direction.
Some traders who simply looking for Tenkan-sen & Kijun-sen crossover to go LONG are unsafe, because the chinkou-span hasn’t yet shot above price.
In conclusion, invest your money in Forex market during the waiting period.
Note
Right shoulder confirmed.Price may retrace back to 6700
Trade closed: target reached
6700 easy reached. What next?wait to break the neck line, then go LONG to 7700
Trade closed: target reached
Buyers in the market again. 7700 just reached.
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