The new resistance 11500 was formed last night, but the bulls won a few battles, an ascending triangle pattern !!!
In the 4H chart, a bigger picture shows that BTC has an DEAD END ! NOWHERE to go ! I mean NOW HERE to go when the triangle breakout occurred. Therefore sit tight, day traders!
You may hope it climb to the roof (19000) again, but it is too difficult with the weak volume.
There are many mines at this moment:
Price has to break H&S pattern's shoulders first, then also dive into the red zone ($13000 max) before we see a blue sky !!
Be excitement, not stressful !
In the 4H chart, a bigger picture shows that BTC has an DEAD END ! NOWHERE to go ! I mean NOW HERE to go when the triangle breakout occurred. Therefore sit tight, day traders!
You may hope it climb to the roof (19000) again, but it is too difficult with the weak volume.
There are many mines at this moment:
Price has to break H&S pattern's shoulders first, then also dive into the red zone ($13000 max) before we see a blue sky !!
Be excitement, not stressful !
