Buyers won the last time when BTC tried to retest the S30,000 level and it was followed by two large green candles on June 9 and 13 respectively. This move means that the majority of the herd are willing to take BTC lowest level at this short-term range
This range is $39,800 to $30,000 level. This price action formed an inverse H&S. It is more visible at the 4 hours time frame but this reversal pattern in the very short span of time is not so appealing. Could this be a bull trap or a real reversal?
Always ride the trend and take advantage of this short-term move.
You can always take a long but be mindful of the resistances.
We know that the buyers who pushed the price are always there to make some profit.
Let us always wait for the market to show where it is heading.
This range is $39,800 to $30,000 level. This price action formed an inverse H&S. It is more visible at the 4 hours time frame but this reversal pattern in the very short span of time is not so appealing. Could this be a bull trap or a real reversal?
Always ride the trend and take advantage of this short-term move.
You can always take a long but be mindful of the resistances.
We know that the buyers who pushed the price are always there to make some profit.
Let us always wait for the market to show where it is heading.
