Bitcoin Bull Move into Bearish Butterfly into Weekly Equilibrium
Cập nhật
A beautiful and likely possibility.
A bull break of the bullish pennant gives a target of an $1130 move to the upside from the breakout. This is nearly the same as the target given by the measured move setup from the $7825, $9760, and $8620 swing points.
This bull move will be invalidated upon a sustained break of 9425 (or far more conservatively, 9160). The case for potential invalidation of the bull move: Bitfinex Bitcoin Longs are significantly up; there is bearish momentum and volume divergence on the 12-24h (insignificant unless we linger below the highs for some time); shorter timeframes (2h and lower) are overextended.
Happy trading!
A bull break of the bullish pennant gives a target of an $1130 move to the upside from the breakout. This is nearly the same as the target given by the measured move setup from the $7825, $9760, and $8620 swing points.
This bull move will be invalidated upon a sustained break of 9425 (or far more conservatively, 9160). The case for potential invalidation of the bull move: Bitfinex Bitcoin Longs are significantly up; there is bearish momentum and volume divergence on the 12-24h (insignificant unless we linger below the highs for some time); shorter timeframes (2h and lower) are overextended.
Happy trading!
Giao dịch đang hoạt động
Smaller timeframe update below about the current equilibrium pattern on the 4H
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.