Some days ago I wrote about BTC Head and Shoulders. Today, we have all the components of the pattern (Head, Left and Right Shoulders and the confirmation breakout - and descending volume on the right shoulder).
The BTC found support on the 9.1~9.3k support zone - a strong support zone. What we are going to see is the test of the resistance of the neckline. If the BTC break this line up, then there is a chance to dismantle the Head and Shoulders pattern. If not, BTC will retest the 9.1~9.3k support zone. If BTC loses this support, then the target is 3.1k.
The BTC found support on the 9.1~9.3k support zone - a strong support zone. What we are going to see is the test of the resistance of the neckline. If the BTC break this line up, then there is a chance to dismantle the Head and Shoulders pattern. If not, BTC will retest the 9.1~9.3k support zone. If BTC loses this support, then the target is 3.1k.
Comment:
In fact, we had a touch on the neckline.
