BTC had definitely negated the H&S potential that we had talked about yesterday, and is now inside the wider EQ range of $9,400 and $8,900. => This will see a definitive break to either direction, and will give a perfect trading opportunity. To the upside we have around 8% potential up to $10k psychological previous resistance. To the downside we have the previous breakout zone around $8k, which would give 10% profit.
The probability is currently leaning more towards bullish: We're at the top side of the resistance, and have a potential 4H Morning Star in the building, if we close the candle like this.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
The probability is currently leaning more towards bullish: We're at the top side of the resistance, and have a potential 4H Morning Star in the building, if we close the candle like this.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
