Here's what you need to know: 
BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.
*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
Nota
Looks like we have broken way ahead of my projection. More on support analysis to come.
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.
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.