How Bitcoin Can Form Sufficient Breakout Above Remaining Zones!
Hi,
Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin has formed this main inverse head-and-shoulder-formation which is likely to complete within the next times with the finalization of the right shoulder. Besides Bitcoin recently moved above the boundary of this main descending-channel-formation and marked it as support. When Bitcoin shows up with further bullish stabilization and continuation this will lead to a breakout above the remaining resistances, when such a price-action happens as it is shown in my chart this will be the origin of further continuations to the upside when Bitcoin does not increase bearish pressure massively again.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin has formed this main inverse head-and-shoulder-formation which is likely to complete within the next times with the finalization of the right shoulder. Besides Bitcoin recently moved above the boundary of this main descending-channel-formation and marked it as support. When Bitcoin shows up with further bullish stabilization and continuation this will lead to a breakout above the remaining resistances, when such a price-action happens as it is shown in my chart this will be the origin of further continuations to the upside when Bitcoin does not increase bearish pressure massively again.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
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