Hello ladies and gentleman, boys and girls. Lets look at Xbtusd.
We can see a trading channel formed and holding solidly. The long term down and uptrend has not been breached yet. Weekly chart is bearish with a bear flag. On the 4hr we can see a mini head and shoulders forming. The height of which gives us a target perfectly off the 7600 long term uptrend forming a double bottom and lines up perfectly with the weekly for the final bounce.
So this is it, the moment we have been waiting for, ready your cheque books, you can short down to 7600 and switch to long or wait and BTFD.
If you found this analysis insightful and educational, please like, follow and share. If you didnt please keep it to yourself its rude to gossip.
Cryptodad out!
We can see a trading channel formed and holding solidly. The long term down and uptrend has not been breached yet. Weekly chart is bearish with a bear flag. On the 4hr we can see a mini head and shoulders forming. The height of which gives us a target perfectly off the 7600 long term uptrend forming a double bottom and lines up perfectly with the weekly for the final bounce.
So this is it, the moment we have been waiting for, ready your cheque books, you can short down to 7600 and switch to long or wait and BTFD.
If you found this analysis insightful and educational, please like, follow and share. If you didnt please keep it to yourself its rude to gossip.
Cryptodad out!