Just tested the top of this formation.
Look to either retest resistance ~9600 or reverse back down to the bottom ~4500.
I would hope the 200 weekly would hold if we head lower. This seems to be a great time for bitcoin to grind on the resistance and breakout to the upside.
Hard to believe it could go to the mid 4k levels in this pattern, but I could have said the same thing when it was at 10,500 and dropped below 4k so....
Keep watching this pattern. It looks good right now.
Look to either retest resistance ~9600 or reverse back down to the bottom ~4500.
I would hope the 200 weekly would hold if we head lower. This seems to be a great time for bitcoin to grind on the resistance and breakout to the upside.
Hard to believe it could go to the mid 4k levels in this pattern, but I could have said the same thing when it was at 10,500 and dropped below 4k so....
Keep watching this pattern. It looks good right now.