CryptoDrou

Bitcoin - BTC possibility of fake run up! Be carefull!

Short
INDEX:BTCUSD   Bitcoin
Bitcoin has a doubble bottom which lead it up to a new attempt on breaking the falling wedge resistance and also the Asceding triangle which broke below it yesterday! But don't rush to buy or long it because we have to face HUGE RESISTANCE of the Falling Wedge and the ascending triangle and if it doesn't break above 39,3k$ we will have a HEAD AND SHOULDERS in the 4-8hour time frame! So please be carefull and wait for the proper break to the upside with the retest on the support! Now is a very tricky and dangerous time to trade without confirmations!

@CryptoDrou
Patience is also TRADING!!!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.