In this quickly analysis. I found out that Bitcoin forming a possible Shoulder Head Shoulder Inverted in H1 timeframe. It's considered a bullish pattern. But now, price action show some boughts in this zone as we need a extra confimation to know the next hours if Bitcoin going to up or maybe a fake pattern that could to develop. Now, it's interesting to look a market structure. We formed a Lower Low in this drop until this zone, we see a this bullish pattern Shoulder Head Shoulder in H1 timeframe.
So, at the moment, we can't to entry in long position. I prefer to hope a candlestick pattern.
In the next hours, I will update this analysis to know more!!!
So, at the moment, we can't to entry in long position. I prefer to hope a candlestick pattern.
In the next hours, I will update this analysis to know more!!!
