Hi Mates,
Yesterday expected bearish flag was nullified by the BULLS by HODLing BTC on a strong support price at $7900 price range.
And BULLS switched the bearish flag to an inverted Head and Shoulder to squeeze short, I believe that was a good bear trap game by the BULLS.
Normally, price reversal should follow an inverted H&S pattern. So, with this I expect a bullish consolidation in the white box to throw the price to the next resistance and price above up to $8400. And perhaps, BULLS are ready to give us $9000 price in a short while.
If BULLS continue to defend the price with $8000 as a good support price, this could be a serious push up with end to BEARS threat to dump in BTC price.
Good luck!!!
Yesterday expected bearish flag was nullified by the BULLS by HODLing BTC on a strong support price at $7900 price range.
And BULLS switched the bearish flag to an inverted Head and Shoulder to squeeze short, I believe that was a good bear trap game by the BULLS.
Normally, price reversal should follow an inverted H&S pattern. So, with this I expect a bullish consolidation in the white box to throw the price to the next resistance and price above up to $8400. And perhaps, BULLS are ready to give us $9000 price in a short while.
If BULLS continue to defend the price with $8000 as a good support price, this could be a serious push up with end to BEARS threat to dump in BTC price.
Good luck!!!