Hello traders,
Looking at the 4 hour chart, we see that Bitcoin bounced at 38.2% fibonacci level, and struggling to go above 23.6%. If we find resistance around $8000, we may see potential dip down to $7426. Potential head and shoulders in play, and next support level is around $7000.
If we find support at $7000, I expect daily tightening equilibrium to form as indicated in the chart. I will be patiently waiting until my $7000 order being filled.
Happy trading!!
Looking at the 4 hour chart, we see that Bitcoin bounced at 38.2% fibonacci level, and struggling to go above 23.6%. If we find resistance around $8000, we may see potential dip down to $7426. Potential head and shoulders in play, and next support level is around $7000.
If we find support at $7000, I expect daily tightening equilibrium to form as indicated in the chart. I will be patiently waiting until my $7000 order being filled.
Happy trading!!
Comment:
Mini head and shoulders pattern in play. If Bitcoin confirms this pattern, next stop is around $7650.
