WTF Bitcoin- Crucial Trial Time- Pop or Drop?
Updated
WTF Bitcoin?
Looks positive, but a very big trial point for the coin.
Could pop or flop.
All the great news is bullishly comforting and other big players are suggesting bullish outcome. Equally, many people think BTC will drop. A nice Head & shoulders is forming (TBD).
Inverse Head & Shoulder hopefully pops to a resistance line of $11,700
Or
Or test $10800/$11000, get rejected
and drops down to $8800/$8500
The STOCH RSI is very similar to previous levels when it did a bull trap at $8200 to $9300 and then dropped significantly.
We shall see, we shall see.
Note
Lol looks like the predictions for BTC kinda sorta played out ( A stretch on timing, but general price action played with the targets. Of course I took the easy way out with "it could go either way" but over the course of 11 days we did see it wick to $11700 and then turn around to $8500 in the short term.So as far as practice goes on price predictions Im happy with that general hit ratio. Gotta get timing down more and formulate a stronger Bull/Bear opinion instead of taking the neutral approach, but to be fair, BTC has been a finicky one lately.
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