BTCUSDT, Daily Technical Analysis (18 Feb 2020)
Wait to sell $10.000 - $10.200 down (SHS model)
BTCUSDT yesterday was pushed down to the lower price zone, around $9450.
The short-term trend of BTCUSDT has turned to decrease (4H).
The reversal pattern from up to down is a head and shoulders pattern
SHS completed when BTCUSDT fell below the neckline $9600 (to $9450)
This signal can push BTCUSDT down further to $9100 or $8500
There was a sign of buying from below $9450 (and increase to $9740 now)
BTCUSDT formed a bullish pin bar pattern with a very large volume.
This pin bar shows the potential of buying support here.
BTCUSDT might have a slight correction to $10.000 or $10.200 then may go down
Sell when the price hits resistance and establish a nice setup
Wait to sell BTC from $10.000 or $10.200 when there is a good setup.
The strategy will change from sell to buy if BTCUSDT breaks above the right shoulder $10.200
Wait to sell $10.000 - $10.200 down (SHS model)
BTCUSDT yesterday was pushed down to the lower price zone, around $9450.
The short-term trend of BTCUSDT has turned to decrease (4H).
The reversal pattern from up to down is a head and shoulders pattern
SHS completed when BTCUSDT fell below the neckline $9600 (to $9450)
This signal can push BTCUSDT down further to $9100 or $8500
There was a sign of buying from below $9450 (and increase to $9740 now)
BTCUSDT formed a bullish pin bar pattern with a very large volume.
This pin bar shows the potential of buying support here.
BTCUSDT might have a slight correction to $10.000 or $10.200 then may go down
Sell when the price hits resistance and establish a nice setup
Wait to sell BTC from $10.000 or $10.200 when there is a good setup.
The strategy will change from sell to buy if BTCUSDT breaks above the right shoulder $10.200