TradingRange

BTC - inverse Head and shoulders, they can push it to 7550

Panjang
COINBASE:BTCUSD   Bitcoin
Here is a possibility of inverted H&S for BTC. What we want to see is a strong volume on right shoulder break out. I dont see it still there, but RSI is extremely oversold so little rest is needed for now. And may be after we push through our swing high resistance that will cause some fomo and we can see enough volume to confirm this pattern. 7753 is a strong resistance for me, that i dont believe we can pass. We have a monthly close today and weekly tomorrow. The market is exhausted and recent Okex fud caused us to dip more than it should be. But we are definitely still in a bearish trend and this is only a bull trap on the way down. Lets see how this play out. Stay safe and happy trading.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.