$BTC : Get Rich or Die tryin (pattern, supports, resistances)
Bull Scenario : Inverse H&S (green)
Since beginning, we want to play our last entry on 7800-7600 area on ascending trendline with IHS for a new wave.
For us breaking down this ascending trendline (red) will be the time to exit the market before reevaluation.
Bear Scenario : H&S (red)
Last weeks, $BTC is drawing a reversal pattern with H&S. If this one is on the way, we will break down ascending trendline and we could expect a wick on 6500 area.
Don't forget to see on macro. Series of lower highs from a macro perspective. Stay safe. Ultimate bottom will be on 5100 on Coinbase.
Conclusion : 7600-7800 is the key
NOT A FINANCIAL ADVICE
Since beginning, we want to play our last entry on 7800-7600 area on ascending trendline with IHS for a new wave.
For us breaking down this ascending trendline (red) will be the time to exit the market before reevaluation.
Bear Scenario : H&S (red)
Last weeks, $BTC is drawing a reversal pattern with H&S. If this one is on the way, we will break down ascending trendline and we could expect a wick on 6500 area.
Don't forget to see on macro. Series of lower highs from a macro perspective. Stay safe. Ultimate bottom will be on 5100 on Coinbase.
Conclusion : 7600-7800 is the key
NOT A FINANCIAL ADVICE
