Another Dump Pump And Dump Of Bitcoin (BTC)

in Steady Speaker2 years ago

Hi, friends hope you are well and welcome to the new update on Bitcoin:

On an hourly time frame, Bitcoin broke down the support of a channel but soon re-enter the same channel and after breaking out the resistance once again entered the channel.

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Head & Shoulder:
On a 4hr-time frame, BTC is forming the bigger right shoulder of a Head & Shoulder pattern.

image.png

Testing a long-term support:
On a weekly time frame, Bitcoin is moving below $19500 support and we need the weekly closing above this level.

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For a detailed analysis, you can watch the video.

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