BTC - this looks interesting - which option will it be ?
There a H and Shouiders up to 67xx and
Theres also a 9 wrapping up on the 4 which could lead to a 1-4 candle movement down .
Or set off a new count in the upwards direction .
The 9 candle wraps up in another hour.
Theres also a 9 wrapping up on the 4 which could lead to a 1-4 candle movement down .
Or set off a new count in the upwards direction .
The 9 candle wraps up in another hour.
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Currently 6603 , but BTC needs to move above 6660 to get the party started properly .
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looks to me like BTC is going to move past the 67xx area ..its been hovering in this zone for so long it has to move up past it . Plus that Head and shoulders is too good a deal to pass on ..buckle up ...
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BTC just needs to remain above 6500 to keep the upwards momentum going .
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BTC still working on that move to 67xx and has been hammering away at it since October 1st ( talk about being relentless) .... Currently 13 attempts have been unsuccessful but as long as BTC holds above 6500 good old BTC should bust through - A stop loss at 6495 is recommended ..
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At this pace ,..we may see 66xx first and then hit 67xx in about 3 or 4 years ...
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6652 currently but this move is incomplete till there a candle closing above 67xx or 71xx
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BTC can drop as low as 6514 and still recover
Dropping below 65xx is a problem
Dropping below 65xx is a problem
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could be wrong but this is looking more like a diamond bear - the Stoch appears to confirm the pattern
But ....
If BTC remains above 6500 its going to complete the head and shoulders by heading to the 67xx area