Last week we went down again, but the downward moved stopped at the levels of the right shoulder and now we are going up again. So the inverse H&S could play out.
The level between 6.7 and 6.8k must be watched carefully.
What do you think? Leave me a comment.
Trade at your own risk.
Trade wisely.
The level between 6.7 and 6.8k must be watched carefully.
- If we fail to break through that level we go down again, and probably to new lows.
- If not, we get a nice rally to the top of the downtrending channel.
What do you think? Leave me a comment.
Trade at your own risk.
Trade wisely.
Comment:
BTC is right below the target levels. I expect a pullback to 7.1k or even 6.8k.
We soon reach the target level. So a pullback will come.
The 6.8k level becomes support now and must hold to confirm the bulish movement of BTC.