Bazoosam
@t_Bazoosam
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Bazoosam
Hi, as we can see, the H&S neckline has been broken and is now retesting around the Fibonacci 0.618. Also RSI presence hidden bearish divergence. Further confirmations are expected at shorter timeframes. This is not investment advice :)
Bazoosam
Hi, I have a question about the double top. Assuming as an example that the neckline of a double top is at a price of 50. This is broken by a candlestick where its spike closes at 48 but its body remains at 51. Now, the question is: does the pattern break happen when a candle closes below 50 or does it have to go above 48 as well having created a new support there? We are talking totally about technical analysis, nothing more. Ty everyone.
Bazoosam
Bazoosam
According to chart, BTC is in an ascending channel. BB% is really low and the MACD's histogram decreasing. This is not a financial advice. Protect your money :)
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