As you can see our Inverse Head and Shoulder pattern played out perfectly.
Currently our trendline support is acting as resistance. The bull need to break this to go higher.
I have marked the resistance areas that the bull need to overcome if we want to enter a new bull cycle.
Currently our trendline support is acting as resistance. The bull need to break this to go higher.
I have marked the resistance areas that the bull need to overcome if we want to enter a new bull cycle.
Note
A healthy retrace would be a pullback to the 0.236 or 0.382 fib level for BTC to continue upward. If we have confirmed these levels as support you could open a long position here and ride the wave.Note
Back in da triangle. Things should be interesting in the couple of days.Note
Bottom trendline acting as support as price bounced.
Note
Price didn't hold and trendline is now resistance as price got rejected.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.