Hello Traders,
Here is a overall view about BITCOIN and all the things you have to see before making your decision.
The first scenario is a possible Head n Shoulders pattern at 1hr time frame if we loose this neckline we can have a stronger correction moviment.
The second scenario is that we can test this two support levels bellow and still be on bullish trend.
In the big picture we can see that the price feel it the long Term Resistance line, and can have significant correction moviment from this level.
We do not descart out the possibility of starting an accumulation pattern at that level and breaking uptrend moviment in a few days and broke the long term resitance line and go above 10k zone.
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Here is a overall view about BITCOIN and all the things you have to see before making your decision.
The first scenario is a possible Head n Shoulders pattern at 1hr time frame if we loose this neckline we can have a stronger correction moviment.
Please like this post and leave your comment.
You are welcome to follow us on our social networks.