CryptoPatel

Bitcoin Inverse Head And Shoulder in LTF so $9550..?

BITSTAMP:BTCUSD   비트코인
#BTCUSD H&S Update in LTF:
Current price of BTCUSD is $8905.

#BTC now struggle at main Resistance level at $9000 for Bull or Bear.
If breakout upward $9000 then I will bullish till $9550 otherwise bearish.
because H&S Resistance and Trendline Resistance is same.

What say Inverse Head & Shoulder.:-
Inverse Head & Shoulder says that we are bullish in LTF.
but Left Shoulder and Head are Completed and we are waiting for Right Shoulder.
If Right Shoulder also completed then We cans Right Shoulder low will be $8730 and after we can see again around $9000.

so $9000 is critical level.
because $9000 is Resistance of Trendline and Head & Shoulder Nick like resistance.
so watching point is $9000.
if $9000 breakout then We can see upward moment towards $9550 and $9800.
But if rejected again then we can see $8205/$7970.
So keep an eye on main cluster.

S:$8620/$8205
R:$9000/$9550

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