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Rshs

a possible RSHS for weekly tradersFirst of all, This is a long term prediction. It may be affected by the price movements in BTC and the probability for it to happen is relatively low. The thing is that knowing the resistance and support levels/areas may help you to trade and predict price movements effectively. Regarding those possibilities, there are some BUY and SELL areas. In my opinion, The price is forming a Pennant formation whose target is the neck of Reverse Shoulder Head Shoulder formation. If it can't break those area, ( which is also possible SHORT position with at most 3% stop loss), It may fall to the peak of left shoulder. At that point, a new long position can be taken with again at most 3% stop loss. All positions should be taken regarding the price of BTC and get a confirmation. Open for any comments, ideas, critics ^^.
Long
by bahadirkisbet
Good luck with Bitcoin Rshs, Target 17K Usdt ( Btc Usdt)Yes, since everything is in order on the weekly chart, it's time to talk comfortably. Our reverse shoulder head and shoulders formation has now been formed on the 1-week chart. If we look at the simple moving averages, the sma is placed on our 1-week candle, which is ranked like 10, 50 and 100 soldiers. EMA 20 is also the same. According to my Hodja Oğuzhan , the probability of Tobo and Obo to work is 55%. =) 55% is a high rate in the stock market. In addition, when we look at the general picture, the falling trend has been retested for the last time and formed the right shoulder. This excited me a little more. If we take the height of the head on rshs, 17000 Usd does not seem far at all. Everything seems ideal for medium term investment. My only request is that the October 25 closing is 12800 USD and above. I feel like a solid bull run is starting. I wish the best :) This is an amateur exercise. It is definitely not investment advice. I wish everyone good luck.
Long
by ruble
2