TommieV

Head and shoulders

BITMEX:XBT   Bitcoin
Btc dropped back into the symmetrical triangle, most of the times if an pattern plays out and gets back into the old pattern, it breaks to the other side.

So for now we might see an bearish head and shoulders, if breaks below the neckline btc can form a nice Bart down towards 10150.

For now the ascending support is been tested if this hold btc still can go up towards 11350-11400 this is an descending weekly resistance so there is an high chance that it still can reach that high

Short target 10400-10150
Long target 11100-11350
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.