BTC Prj. 2019. P02E09. Pivot point reached!!

No words required.

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Being more specific and likely, on the 2 HRLY and 4 HRLY chart, it will get to the 55 and 100 EMA and act like a resistance and hence completing the right shoulder

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If we get a open and close on the 4 HRLY chart above the 11500 range, then that gives the message for a return

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Key levels to pass. Now. 10900 (on Binance) on the 4 HRLY, the 21 EMA
If we get a 4 HRLY candle close above 11k, then 11500 is the target.
The inverse H&S possibilities lies with the resistance on the 2 HRLY chart where its approaching the 55 and 100 EMA

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These are just my thought but I will act and do act based on the 5, 15, 30 min charts.

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1st Target reached...we need a open and close above 11500 for the next target.

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More to go (up)

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With the divergence at the 11500 mark, I am expecting another correction with either a visit to the 9400 range but more probable as this chart, with set fib levels.

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It seems this will create inverse. H&S on the 4 HRLY

Order dibatalkan:

Pivotal point reached however the potentially inverse H&S formation requirements did not come about. The 0.618 target was breached only temporarily showing there is a lot of orders to sell off at this main fib. level