Bitcoin technical analysis
Updated
There is some scenarios on the BTCUSD chart.
You can see the price is in the resistance zone and pay attention to the trend line on the RSI and on the chart, any beak out of this area will show you the direction of the market and it can help you to take the right decision.
as you can see there is also a possibility of head and shoulders pattern on the chart and break down on this area will increases the likelihood of the pattern occurring, and if it does, you should pay attention to the neckline on 30k and it's also a technical and psychological support zone.
to find the entry point check each scenario parameters on the lower time frame.
Don't try to predict the market, keep calm and wait for the first move of each scenario to take an action.
You can see the price is in the resistance zone and pay attention to the trend line on the RSI and on the chart, any beak out of this area will show you the direction of the market and it can help you to take the right decision.
as you can see there is also a possibility of head and shoulders pattern on the chart and break down on this area will increases the likelihood of the pattern occurring, and if it does, you should pay attention to the neckline on 30k and it's also a technical and psychological support zone.
to find the entry point check each scenario parameters on the lower time frame.
Don't try to predict the market, keep calm and wait for the first move of each scenario to take an action.
Note
Death cross on daily MA200 - 50
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