BTC triangle convergence or H&S

5 mai 2023

BTC is currently converging in a triangle around 29138, which means that no one side has an advantage here.
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You can follow:
1. Break through the triangle convergence zone upwards:
The bullish pattern of 1D inverse H&S will continue, and there is a chance to come around 30310 and 31500.
The target price of the 1D inverse H&S is 35265.
2. Fall below the triangle convergence:
Pay attention to the support 26660~26925. If BTC falls below this support, BTC will have a 4H&S pattern and have a chance to return to around 25351.
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8 mai 2023

Note

BTC 4hr
Breaking below the trend line support, the current price has a short-term rebound near the previous low of 27660. Pay attention to the support trend line below and 26660~26925.
If the price falls below 26660~26925, there will be a H&S pattern.

12 mai 2023

Note

BTC has fallen below 26660, and the H&S pattern has been established.
Support:
25211~25351
24363.5
23935.5

14 mai 2023

Note

BTC has a chance to show a bottom pattern in the 1 hr chart, and you can pay attention to whether it breaks through the resistance range of 27047~27202.
If BTC break through the resistance range, you can focus on the above target:
27527.5
27676
27824.5

15 mai 2023

Note

BTC showed a bottom pattern in 1hr chart, and it has reached the target of 27527.5, and there are still targets of 27676 and 27824.5 above.

26 mai 2023

Note

After BTC reached the target of 27676, it consolidated around the support range of 26660~26925. After falling below the consolidation range, the lowest price reached 25855.5.
At present, after the inverse H&S appeared in the 15-minute chart, BTC returned to 26660~26925 again. If it breaks through 26660~26925, you can pay attention to around 27000.
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The main support below is around 25342.
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26 mai 2023

Note

Support range:26477.5~26660.0

27 mai 2023

Note

BTC 15min inverse H&S:
After reaching around 27000, the price fell back to the support range of 26477.5~26660, and it is currently in the form of consolidation. If there is a drop, you can pay attention to around 26485.
There are still targets above:
27114.5
27265.5
Stop loss price: 26137.5

28 mai 2023

Note

The BTC 15-minute inverse H&S reaches the target of 27114.5, and you can take profit or part of it.
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Resistance range: 27265.5~27377.