I see another possible inverse head & shoulder... coupled with declining volume... does that mean a breakout upwards soon? Or will it go down?
Well... it played out pretty nicely! As mentioned in my previous post, we were expecting the bounce to meet resistance between 10.2-10.4k. The bulls tried REAL hard to get it through the .236 fib line and the previous support/resistance level. It nearly got to 10.5k which I didn't quite expect and was slightly nervous with the short opportunity for me coming in...
Price did not react really strong to the supply zone at 9k. Price could go really high if it goes above 9k
First of all I would like to apologize for the bad quality of my current chart due to how much I feel exhausted. However This is a wild shot forecast for the expected BTC market next move after today's blood path which cam as a result of the Chinese authorities latest decision which is related to Chinese based exchanges regulations. In this one I count on what...