BITCOIN: The option of inverted Head and Shoulders is now more likely to happen
As I said in yesterday's post, I see two possible options, the ZIG-ZAG 5-3-5 Corrections downwards and the Inverted Head and Shoulders patterns which, if confirmed, would bring the BULLS to the market IMO.
- To invalidate the first I need that BITCOIN to break consistently the 6400 USD resistance, which is right now on play:
- ...to trigger the second, 6700 USD is the roof we have to break:
For the time being, the probabilities of a REVERSAL from BEARISH to BULLISH trend are increasing. So, I see BITCOIN reaching 6700 USD in a few hours.
Enjoy Cryptoland!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
Holding thumbs for that $6700 level. I dare not get my hopes up yet, but I'll feel great if we do break it!
@toofasteddie, I'm interested in the same topic as you, let's spin it together. I signed on to you, I hope you'll sign up for me. Always glad to meet new people!