As we all know that for the past few days $8300 has been the rejected price for BTC to move higher.
With 3 different touches to the horizontal line the right angle broadening wedge (resistance), and two touches to the diagonal trend line (support).
Only a clairvoyant eyes will see this ugly H&S bottom forming up on the chart, and while $8300 serves as the neckline of the H&S .
Next testing of $8300 price may broken for good, and turn into the H&S bottom neckline with breakout confirmation @ $8336.
Once this takes place, BTC may bounce real hard to meet up with the H&S bottom and right angle broadening wedge target @ $8,800 price,
there is room for possible healthy pull back @ $8,619 as this is the right angle broadening wedge target.
With 3 different touches to the horizontal line the right angle broadening wedge (resistance), and two touches to the diagonal trend line (support).
Only a clairvoyant eyes will see this ugly H&S bottom forming up on the chart, and while $8300 serves as the neckline of the H&S .
Next testing of $8300 price may broken for good, and turn into the H&S bottom neckline with breakout confirmation @ $8336.
Once this takes place, BTC may bounce real hard to meet up with the H&S bottom and right angle broadening wedge target @ $8,800 price,
there is room for possible healthy pull back @ $8,619 as this is the right angle broadening wedge target.
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.