On the 4h timeframe btc broke a H&S pattern, if you take the line from Head to the neck and we copy that one below, it wil take you till around 39000.
Also we have the black trendline, what was resistance (red arrow) before and became a support (blue arrow), so IF we will get to the 39000, i believe that will offer support on that trendline and will become bullish again till...
Time will tell
Also we have the black trendline, what was resistance (red arrow) before and became a support (blue arrow), so IF we will get to the 39000, i believe that will offer support on that trendline and will become bullish again till...
Time will tell
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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.