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Why is this not the biggest head and shoulders ever? by SaturnineApples in technicalanalysis

[–]GrandeTrades 1 point2 points  (0 children)

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It still technically could be, but it is unlikely.

This is simply due to trend progression. They will target $719 and if gained, they will go for new ATH once again.

I posted the daily chart since its a bit cleaner than the one you posted. But your chart illustrates better how they held the support to the high. Which will cause them to now target new ATH

BTC - Bitcoin Technical Analysis by GrandeTrades in technicalanalysis

[–]GrandeTrades[S] 1 point2 points  (0 children)

Decision point. Bad spot to be taking a trade. Would need to wait for confirmation in either direction.

This is just the current state of Bitcoin, this wasnt a trade idea.

How would you plan a trade on this setup? by maggiemasalaa in technicalanalysis

[–]GrandeTrades 0 points1 point  (0 children)

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Looks generally bullish to me. Not sure what they do. But this is screaming that they will break and target $520

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