BITCOIN IS MOVING IN A DOWNWARD CHANNEL AND AN INVERTED H&S PATTERN VIOLATION.
IT IS ALSO OBSERVED THAT THE TRADING RANGE OF 10040 - 10400 IS BEING FOLLOWED.
TAKE THE DIRECTION AS PER THE BREAK OUT ABOUT THESE LEVELS.
THE HIGHER SIDE TARGET IS AT 11,050.
THE LOWER SIDE TARGET IS AT 9400.
The most famous criptomoeda in the market at the moment is suffering correction in its price, and after that correction reaches the support of 10K (yellow line) it could possibly continue to rise until the resistance of the flag in the value of 12K.
Analyzing the daily chart there is an inverted shoulder-head-to-shoulder formation, giving clear indication that...
BTC IS LOOKING STRONG BULLISH, SINCE IT IS FOLLOWING THE PARALLEL CHANNEL . IN THE CHART THE GREEN TREND LINES REPRESENTS RESISTANCES AND RED TREND LINES REPRESENTS THE SUPPORT . TRADE WITH GIVEN LEVELS .
#LET'S HOPE FOR THE BEST........ STAY TUNED
THANK YOU
According to recent analyzes, the largest crypto still is showing signs of lower in the next few days.
The previous analysis had given a sign of purchase in the 10,000, now, in the 9,500 dollars
Entry $5776.5.
Daily RSI looks exhausted.
Price looks to test the orange trend line around $5300 .
If this fails to hold we could see for a return to $4700-$4900 region.
If $5800 is reclaimed $6400 is on the horizon.
Sell the news.
