BTCUSD

BTCUSD

PAIR: BTCUSD

continuation to the up side....RECAP OF ALL CHART PATTERNS,and INDICATOR used in previous chart.

check ( https://ci.covesting.io/tradeidea/btcusd-15 ) for the previous chart.

1- THE SYMMETRICAL TRIANGLE (CHART UPDATE and valid targets)

Broke out of the symmetical triangle and has closed out it. This is a strong signal to go long as price has pulled back down to test the 0.236fib retracement level. The first target being the 0.5fib level at $12k+, will likely consolidates a little more within this zone before moving up.

Secondly, the  DOUBLE BOTTOM, ADAM and EVE (V and U) more details about this in the previous chart ( https://ci.covesting.io/tradeidea/btcusd-15 )

Almost completed, needs to get back to the neckline of the V ( the green zone) .

THE PITCHFORK:

The the upper quartile(resistance) and the lower quartile(support) are held tight, always the mean line( red line)

There is high probability that price will always reach the latest median line before any move. If this return is held stong based on the rule of pitchfork, we might likely see a target of $28k+ by end of JUNE.

Technicals suggests that the targets on the previous chart are still valid and ( long entry adviced to be taken)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

 

 

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