Bitcoin seems to be looking slightly bullish at the moment but its never safe to catch a falling knife. Strong confirmations are good to know if its a real trend or a bull/bear trap.
In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and important interim support level that was hit while shorting on the way down from $6,000 causing the $5600 range to be a Key Level of Significance.
Things to look for:
If it breaks $4400, I will have a position open to enter at this range with a stop loss around $3800 - $3900
Good luck trading !
Premium trade signals
www.AlphaSniperCapital.com
In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and important interim support level that was hit while shorting on the way down from $6,000 causing the $5600 range to be a Key Level of Significance.
Things to look for:
If it breaks $4400, I will have a position open to enter at this range with a stop loss around $3800 - $3900
Good luck trading !
Premium trade signals
www.AlphaSniperCapital.com
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