GNTO

Analysis expecting reversal of beat coin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Welcome to this updated analysis on BTCUSD Let's get right to it!

BITFINEX: BTCUSD
There was a $ 7,150 attempt to raise the previous highs in the morning but could not break it and eventually did not keep 61.8%. It has fallen strongly.
If you look at the high point $ 8,507 as head, you can analyze the support position according to the head and shoulder pattern.
The current trend is to stop the short-term decline from 78.6%, which is also the place to drop from the neckline ($ 6,000 to $ 6,070) as the head to neckline drops.
It is a short-term decline, but it is difficult to break through $ 6,550 to $ 6,670, and once you get the resistance, you can lower your bottom again.
If you are supporting $ 6,000 to $ 6,070 for a move that will lower the tide once more, you can expect to see an increase in double-bottom patterns depending on past patterns.

This information is to be used for educational purposes only

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