In these hours bitcoin suprised many with a drop down from 13200 until it touched with a shadow 10933. Surprised many, but not really to me. In fact, for those who got a break to look beyond this chart, not only would you have noticed the formation of a BULLISH head and shoulder, but also the formation of the BEARISH ABCD pattern with D in 13200. To confirm this bearish pattern just have a look at the RSI . There was a Divergence. Did you have notice that?
Anyway now we've found a strong support. And you know where? At the Resistance of the Head and Shoulders . Just coincidences?
I want challenge you with these predictions.
Bitcoin will try to break up
-First resistance around 12300. We gonna Break it.
-We have a Second strong resistance around 12800. we gonna break it.
-We have A very strong resistance around 13100 13200. We gonna break it? mmm .. lets see this. RSI and Macd Will be very helpful to determinate this.
Comment below if you have noticed before these Head and Shoulders pattern and ABCD .
See you in few hours guys.