Hey guys.
Turns out BTC/USDT is trying to complete a head and shoulders pattern. Break and close below 46 could be a confirmation. A bounce from support line could rise BTC/USDT to resistance area about $57K where we need wait and watch. A rejection from that level could be a confirmation that the pair might plummet to red support line.
I hope this won't happen. Let me know what you think in the comments bellow and if you enjoyed this analysis, make sure to drop a like and share so others could join and discuss.
Cheers.
Turns out BTC/USDT is trying to complete a head and shoulders pattern. Break and close below 46 could be a confirmation. A bounce from support line could rise BTC/USDT to resistance area about $57K where we need wait and watch. A rejection from that level could be a confirmation that the pair might plummet to red support line.
I hope this won't happen. Let me know what you think in the comments bellow and if you enjoyed this analysis, make sure to drop a like and share so others could join and discuss.
Cheers.
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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.