BTCUSD analysis: BULLISH
Updated
BTCUSD currently at $41.020 which is a key level and the right shoulder of the inverted head and shoulders reversal pattern.
This appears to be the best time to go long as there is a lot confluence with the technical tools. These include a 0.50%-0.618% Golden level retracement coupled with the price being on an inclining trend support line . These aforementioned informed my decision of a bullish move to the neckline of the inverted head and shoulders pattern and eventually to the peak....
I await your bias and corrections!!! N/B: DYOR
This appears to be the best time to go long as there is a lot confluence with the technical tools. These include a 0.50%-0.618% Golden level retracement coupled with the price being on an inclining trend support line . These aforementioned informed my decision of a bullish move to the neckline of the inverted head and shoulders pattern and eventually to the peak....
I await your bias and corrections!!! N/B: DYOR
Note
Wait for rejections as well as candle stick pattern that indicate bullishness like; morning star, bullish engulfing, hammer, double or triple bottom and the likes
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