Hello traders .
follow my previous update about BTC which is already played out , you can also go and check it
in this analysis I want to looks at smaller time frame ;
as you can see in the chart , price makes inverse head and shoulder pattern which is already broke out , there is two different scenarios :
1 : price continue going up without retest it
2 (the most likely one) : price comes back and retest the neck line and resistance line which is now turn into the support around 33k,32.9k
the technical target is 36.4k .
however we haven't seen any much volume yet , so trade with cautious.
I hope you enjoyed this analysis.
Do not forget to like and subscribe.
follow my previous update about BTC which is already played out , you can also go and check it
in this analysis I want to looks at smaller time frame ;
as you can see in the chart , price makes inverse head and shoulder pattern which is already broke out , there is two different scenarios :
1 : price continue going up without retest it
2 (the most likely one) : price comes back and retest the neck line and resistance line which is now turn into the support around 33k,32.9k
the technical target is 36.4k .
however we haven't seen any much volume yet , so trade with cautious.
I hope you enjoyed this analysis.
Do not forget to like and subscribe.
