BTC Breaks Resistance but will there be follow through ?
BTC Broke out of resistance, Invalidating the Rising Wedge formation however the H&S pattern could still be in play but the right shoulder doesn't look to pretty anymore.
Points to consider:
- We still have a clear bearish divergence on the daily time frame with volume tapering off
- Hitting resistance at $8700, Resistance turned support will be confirmed if price retests and holds $8200
- 4hr EMA 8, Bullish as holding price at current given time
We could be forming an daily equilibrium pattern where Bitcoin will eventually choose a path..
What are your thoughts on the current price action?
Have a good day and please give me a like and follow :))
Points to consider:
- We still have a clear bearish divergence on the daily time frame with volume tapering off
- Hitting resistance at $8700, Resistance turned support will be confirmed if price retests and holds $8200
- 4hr EMA 8, Bullish as holding price at current given time
We could be forming an daily equilibrium pattern where Bitcoin will eventually choose a path..
What are your thoughts on the current price action?
Have a good day and please give me a like and follow :))
Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.