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RE: Bitcoin (BTC) Mid-Day Update: Price Sitting on Top Trend Line as Support
As I said a couple of hours before, the volume for the right-shoulder of the H&S-pattern was missing. Here you can find me analysis.
At the end we all could see a picture like that. A strong right shoulder.
Here you can find my full analysis:
https://steemit.com/bitcoin/@vonbuelo/bitcoin-btc-my-wish-comes-true
I think bitcoin needs to test the low just like most corrective structures do. That's what we're still in. It may even break it lower. Double bottom. It can turn up to 17k area before falling or just go down but I believe down the road the low needs to be tested. Lets see what happens.