Seems to me that an inverse head and shoulders pattern is forming on the 4H chart. This could mean that Bitcoin will test the resistance line at around 9500 Euros once again.
If we do fall trough the 7500 Euros level it doesn't seem to look very good to me. I would only trade this if the indicators show a sign of reversal.
Feel free to discuss this idea with me.
If we do fall trough the 7500 Euros level it doesn't seem to look very good to me. I would only trade this if the indicators show a sign of reversal.
Feel free to discuss this idea with me.