What can we see today on Bitcoin chart?
The price has twicely tried to break through the support, both time unsuccessfully. After these actions, the right shoulder of inverse H&S
pattern was formed and the price went upward. At the moment I expect from $BTC
to trade above the resistance $5800
and then going further. In case the price will move downward - we need to keep in mind two zones: the first one is $5650
, it is quite good for buying and opening LONG
position. And the second one is located below the support $5550
, if the price falls below this level - you we would start thinking about possible SHORT