🚨BITCOIN PUMP IS COMING! BUT DONT FALL FOR IT.
We are currently forming an inverse head and shoulders pattern on bitcoin, confirmation will happen once we see a rejection off of the neckline which is at the price of $25000. We will see a pullback down to the green horizontal order-block, then pump until $30,000 which is a very important resistance. It would be hard for us to break it, it will take a lot of time, and we need a lot of liquidity to do so. I'm expecting the first retest there will be a large rejection. Might take us to the monthly level of support at the price of $12,500.
We are currently forming an inverse head and shoulders pattern on bitcoin, confirmation will happen once we see a rejection off of the neckline which is at the price of $25000. We will see a pullback down to the green horizontal order-block, then pump until $30,000 which is a very important resistance. It would be hard for us to break it, it will take a lot of time, and we need a lot of liquidity to do so. I'm expecting the first retest there will be a large rejection. Might take us to the monthly level of support at the price of $12,500.
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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.