Bitcoin head n' shoulders on 4hour, more pullback?
Expecting a resistance around 17k level(though 15k looks like a likely resist level as well) to form a second shoulder and a dead cat bounce. This would also coincide with the price being resisted by both Moving Averages, which have the potential to cross for another bearish confirmation. Support levels at 11.5k and 7.4-8.5k range.
PS I'm a newbie when it comes to TA and investing, take this with a grain of salt as its more of an exercise on my end. Would appreciate any feedback and criticism.
PS I'm a newbie when it comes to TA and investing, take this with a grain of salt as its more of an exercise on my end. Would appreciate any feedback and criticism.
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