#RIOT Blockchain 3 levels of resistance to overcome
Updated
Which I think it will slice through!
#Bitcoin miners tend to follow big technical patterns really well.
From the top you can see the massive bear flag that lasted pretty much all of 2021
all whist in the bitcoin bull market and non conforming disappointing price action
the secondary bear flag in 2022 that led to a precipitous drop
and now there is a potential,
if we get strong rally to the $20 area ...
we could form a very large inverse head and shoulders!
Looks promising.
#Bitcoin miners tend to follow big technical patterns really well.
From the top you can see the massive bear flag that lasted pretty much all of 2021
all whist in the bitcoin bull market and non conforming disappointing price action
the secondary bear flag in 2022 that led to a precipitous drop
and now there is a potential,
if we get strong rally to the $20 area ...
we could form a very large inverse head and shoulders!
Looks promising.
Trade active
#Bitcoin Miners have been on fireTrade active
heading towards the $20 level to create another inverse head and shoulders patternNote
pattern still valid so what if we get ugly right shoulders
life ain't pretty or perfect
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