Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
06 August
Video analysis:
Bitcoin could be forming a bullish inverse head & shoulders pattern. We saw this pattern play out in silver yesterday & it triggered a 5% gain in a single day.
The break above a short term trend line at 64600 is the first buy signal for today, targeting 65300 & 65600…eventually 66200/300.
Then we test the all important inverse head & shoulders neck line at 66800.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
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Jason Sen, Director
https://www.daytradeideas.co.uk
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