Potential break and retest of a head and shoulders pattern zone. We will wait for a clear break and close below the zone and a wick back in as the retest for entry.
As per the analysis on screen this is what we are seeing:
- Break and retest of daily trendline
- Impulse and then a symmetrical triangle formed on the 1HR / 4HR
We are now waiting for a lower time frame break and retest of this pattern for a sell.
BTC Thoughts
As some of you may have seen, there has recently been a lot of good news for the Bitcoin and Cryptocurrency in general, with many articles surfacing which are making the coins look very investable.
These are my thoughts, one of two possible scenarios (Obviously - The market can do whatever it wants but these are my views):
Bitcoin breaks below...
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