$BTC #BTC $22,750 key support tested during the weekend. $23,713 resistance in effect currently testing, $23,479 current support. Bullish engulfing on 1D close. Requires follow up from today's close.
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BTC made an inverted head and shoulder on the 4H timeframe, however, it looks like the pattern has failed to breakout on the upside. As long as the price stays in the range defined by the two green lines, we are good. However, if we break below the channel, expect the alt coins nuke pretty hard.
BTCUSD facing little Resistance at this place, weekhands might get stopped here and next leg up will be more Fast. Let's see how things panout.
As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week. Bullish Case: It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...