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Here you can see the formation of a head and shoulders. My expectation is that BTC will have a pullback to the support line, which is about 6800.
If you look at the FIB on the right, it is also clear that the 0.618 needs to be tested.
If you think its helpful leave a comment!
For more updates follow me!
Have a great day everyone!
Here you can see the formation of a head and shoulders. My expectation is that BTC will have a pullback to the support line, which is about 6800.
If you look at the FIB on the right, it is also clear that the 0.618 needs to be tested.
If you think its helpful leave a comment!
For more updates follow me!
Have a great day everyone!
Comment:
The head is still forming, as it stands now I expect the pullback on Sunday.
Comment:
BTC will therefore remain in the Ascending channel for the time being. If the Head and Shoulders are fully formed, BTC will most likely come into bearish times if we drop out of the Ascending channel.