right now BTC's movement is little bit unclear, it looks like to be in the process of completing a H@S pattern and forming the right shoulder which will lead us down to mid 20K region upon completion. on the other hand it could be a Reverse H@S pattern with former ATH around 42500 as its target. well we will find out soon, although i am leaning towards the second scenario, it is of utmost importance for a trader to get confirmation before taking any position.
so for now, i am not going into details with indicators as they are all showing mixed signals in different time frames, but i am just watching the price action; in my opinion any confirmed break out from the 36500 level should be considered as an extreme bullish move and any confirmed break down from around 32K level should be considered extremely bearish.
lets watch the future as it is in the making, and trade safe
so for now, i am not going into details with indicators as they are all showing mixed signals in different time frames, but i am just watching the price action; in my opinion any confirmed break out from the 36500 level should be considered as an extreme bullish move and any confirmed break down from around 32K level should be considered extremely bearish.
lets watch the future as it is in the making, and trade safe