As showed previously we have a big HS pattern in daily chart of BTC.
At the end of right shoulder, it formed a W pattern and a reverse HS pattern which are reversal sign for BIG HS pattern.
We saw a retrace for break down the main HS neckline which was not successful BUT not weak also and there was no fast rejection. (Neckline touched (8400 area), Go down to 7900 and found good support and formed a right shoulder for reverse HS pattern as expected.)
Now, we have two neckline for break out: neckline of reverse HS pattern (purple) and another one above it for BIG HS pattern (black).
At the end of right shoulder, it formed a W pattern and a reverse HS pattern which are reversal sign for BIG HS pattern.
We saw a retrace for break down the main HS neckline which was not successful BUT not weak also and there was no fast rejection. (Neckline touched (8400 area), Go down to 7900 and found good support and formed a right shoulder for reverse HS pattern as expected.)
Now, we have two neckline for break out: neckline of reverse HS pattern (purple) and another one above it for BIG HS pattern (black).
Comment:
www.tradingview.com/chart/syEk0Sc5/
Comment:
I think BTC will go around 8560.
then fall down to 8320
then fall down to 8320
Comment:
8560 touched as expected
Comment:
According to the reaction , There is a possibility of oscillation between 8400-8600 area.
Comment:
main neckline was breaked. BTC perice:8935
BTC will back dow to touch the neckline.
BTC will back dow to touch the neckline.
Comment:
BTC Back to touch the black neckline.
Comment:
BLACK neckline touched as expected. Is it time to go around 8100?
