Hi guys! In the last days, some other bullish signal appeared on the BTC Chart's and we all hope that the bear market is near to leave.
The real questions now are ! when we turn bullish ? and when we must buy to catch the best price?
let's talk about ! we can see that in te last 2 days a smaller H&S pattern (in RED) has been formed, whit a right shoulder smaller than we expect, this means that the market is developing quickly and is begin to accelerate towards an inversion.
However to confirm the breakout, we need to wait the formation of the right shoulder of the Inverse H&S pattern (in GREEN).
In my opinion we will see that right shoulder forming quickly enough ( in the next 3 days), i draw the inverted H&S keeping proportion of the developing time between the two shoulder, but in this kind of market, how we saw in recent past, the rules have been broken several times and symmetry is like an unicorn.
So, i think that while I'm writing, prices have already turned up, and reached the two EMA (50-200) that can works like resistances and cause a stop of the ascent, whit a pull back on the support below or lower till the target of the red H&S. At the moment i think that the support can hold quitly good due the smoll volume, but if the price fall below, we may expect a retracement to the red H&S target.
Concluding, the rise is coming, but the real truth is that nobody can say for sure when it will happen. I think that the inversion will be confirmed only after the break whit high volume of the 13000$ resistance (0.5 FIB retracement) but if you want to maximize your profits you can try to buy (AT YOUR OWN RISK !!!) at 11000 (where the blue and yellow trendline are crossing) and set a stop loss not so far away to minimize the risk of a free fall.
we'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
The real questions now are ! when we turn bullish ? and when we must buy to catch the best price?
let's talk about ! we can see that in te last 2 days a smaller H&S pattern (in RED) has been formed, whit a right shoulder smaller than we expect, this means that the market is developing quickly and is begin to accelerate towards an inversion.
However to confirm the breakout, we need to wait the formation of the right shoulder of the Inverse H&S pattern (in GREEN).
In my opinion we will see that right shoulder forming quickly enough ( in the next 3 days), i draw the inverted H&S keeping proportion of the developing time between the two shoulder, but in this kind of market, how we saw in recent past, the rules have been broken several times and symmetry is like an unicorn.
So, i think that while I'm writing, prices have already turned up, and reached the two EMA (50-200) that can works like resistances and cause a stop of the ascent, whit a pull back on the support below or lower till the target of the red H&S. At the moment i think that the support can hold quitly good due the smoll volume, but if the price fall below, we may expect a retracement to the red H&S target.
Concluding, the rise is coming, but the real truth is that nobody can say for sure when it will happen. I think that the inversion will be confirmed only after the break whit high volume of the 13000$ resistance (0.5 FIB retracement) but if you want to maximize your profits you can try to buy (AT YOUR OWN RISK !!!) at 11000 (where the blue and yellow trendline are crossing) and set a stop loss not so far away to minimize the risk of a free fall.
we'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
