Bitcoin possible Head&Shoulders pattern on 4HR
This is only speculation, the TA will be confirmed only if the price action crosses the neckline downwards.
Key Resistance: ~8350USD - 8600USD
Key Support: ~7660USD
Key Resistance: ~8350USD - 8600USD
Key Support: ~7660USD
Commentaire:
Neckline crossed downwards and 4hr candle closed under it, H&S confirmed!
Commentaire:
Although bitcoin is back above the neckline, be extremely careful as this low volume action might still be the continuation of the right shoulder. I don't rule out the option of another bull move but a bearish upcoming price action is a lot more likely, especially after the biggest positive "shill" failing to pump the market (taxday).
trade/invest safe.
trade/invest safe.