Bitcoin - What's next 😶🌫️
Hello Traders,
we took advantage of the down days to do some buying on various cryptos but especially on
BTCUSDT.
At the moment we have the usual breakout of the main channel on daily and weekly timeframes.
On smaller timeframes like the 4H the situation is different but consequent to the first one; trading has covered the liquidity zone around 42 - 40 K starting from here pushing prices slightly higher, now trading at 43.600 K .
The shape is that of an inverted H&S, so a long signal, but we should wait for the formation to be complete, now we are missing the right shoulder that could form in the 46,500-47,500 area.
we took advantage of the down days to do some buying on various cryptos but especially on
BTCUSDT. At the moment we have the usual breakout of the main channel on daily and weekly timeframes.
On smaller timeframes like the 4H the situation is different but consequent to the first one; trading has covered the liquidity zone around 42 - 40 K starting from here pushing prices slightly higher, now trading at 43.600 K .
The shape is that of an inverted H&S, so a long signal, but we should wait for the formation to be complete, now we are missing the right shoulder that could form in the 46,500-47,500 area.
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