BTC UPDATE! BUYING HERE WITH AN EASY INVALIDATION!!
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Welcome to this quick BTC update.
After Powell's hawkish comment on the Fed Interest rate, BTC plummets below the
25K level. As you see in the chart, this looks like a proper retest. After breaking out from the head and shoulder pattern in the higher time frame, currently it is retesting the neckline. If the price holds above this neckline then we might see the start of a new rally from here.
Invalidation:- If this 2-D candle closes below this neckline (24.8k) then this chart becomes invalidated.
What do you think about this?
Do you think that price holds here or do you think that it dumps more?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
After Powell's hawkish comment on the Fed Interest rate, BTC plummets below the
25K level. As you see in the chart, this looks like a proper retest. After breaking out from the head and shoulder pattern in the higher time frame, currently it is retesting the neckline. If the price holds above this neckline then we might see the start of a new rally from here.Invalidation:- If this 2-D candle closes below this neckline (24.8k) then this chart becomes invalidated.
What do you think about this?
Do you think that price holds here or do you think that it dumps more?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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