BitcoinShort
10.07.19 - XBTUSD 4H Outlook
Good morning all, hope all is well!
Possible inverted heads and shoulders might be in play.
A break of 8250-8300 in short term would confirm it.
Bull's targets are 8350, 8510, and hold if 8650 breaks.
Despite the possible inverted heads and shoulders, I get a gut feeling the bulls are running out steam and will get rejected at the neckline or at the volatility moving average resting above the price action near 8420.
I intend to place some short orders within the ~3% spread between 8150 and 8420.
In the event that my short scenario fails, I will close with a 2-3% loss and flip long near 8600/8650.
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Possible inverted heads and shoulders might be in play.
A break of 8250-8300 in short term would confirm it.
Bull's targets are 8350, 8510, and hold if 8650 breaks.
Despite the possible inverted heads and shoulders, I get a gut feeling the bulls are running out steam and will get rejected at the neckline or at the volatility moving average resting above the price action near 8420.
I intend to place some short orders within the ~3% spread between 8150 and 8420.
In the event that my short scenario fails, I will close with a 2-3% loss and flip long near 8600/8650.
Do you enjoy my content?
You can support me by leaving a like!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.