BTC's last chance to hold support
Bitcoin has been in this range for the past few months
On lower time frames it is posible we see a Reverse H&S developing coming into the support zone drawn on the chart which could be enough to break us out of the range
On higher times frames Bitcoin looks heavy and if Bitcoin loses this support, I am confident that it will not be long until range lows are tested followed by a move lower
This is bulls last chance to put up a fight and I am long from 32200 with a close stop
Happy trading!
On lower time frames it is posible we see a Reverse H&S developing coming into the support zone drawn on the chart which could be enough to break us out of the range
On higher times frames Bitcoin looks heavy and if Bitcoin loses this support, I am confident that it will not be long until range lows are tested followed by a move lower
This is bulls last chance to put up a fight and I am long from 32200 with a close stop
Happy trading!
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