Never have I witnessed traders praying so much in my life. Praying for a bitcoin bullish reversal.
Chart shows that 50-100-200 MA stands in the $9,200 area. BTC needs to reach that point within days and try find stability. Reversal could occur either through Inverted Head and Shoulder pattern. If H&S fails, plan B kicks in for a double bottom at $6,000 area.
Let's hope for the best.
This is not an invesetment advice, always do your own research.
Chart shows that 50-100-200 MA stands in the $9,200 area. BTC needs to reach that point within days and try find stability. Reversal could occur either through Inverted Head and Shoulder pattern. If H&S fails, plan B kicks in for a double bottom at $6,000 area.
Let's hope for the best.
This is not an invesetment advice, always do your own research.
Trade closed: target reached:
Precisely!
Inverted Head & Shoulders complete. Confirmed bullish trend.
Inverted Head & Shoulders complete. Confirmed bullish trend.