BTC - Previous Top broken - Let's test the long term resistance line
Hello all,
The Inverted Head and Shoulders is not perfect but it allowed us to break the previous top of the Bitcoin :
The next objective is now to test and try to break the long term resistance line in orange.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Sommet précédent cassé - Allons tester la ligne de résistance long terme
Do you think short term direction is still up? Or are you predicting a decline in the next few weeks?
I will make an update later today but if you look the graph, you can see that we are not able to break the resistance line, so yeah we have nice probabilities to go soon test the support line.
Good jop
The inverted head and shoulder formation looks almost perfect to me!
I would have prefered that the right shoulder is little lower but indeed this is a valid pattern.
Great post,
Good job my frends
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Thanks for the information you have provided @cryptopassion. Blessings! :)
Just hope the economy keeps up long enough to be able to "afford" to lose. Much thanks and best of luck.
Insightful analysis...thank you
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