BTCUSD is in an essential stage. The road is rocky - wear shoes!

BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity.

Let us see where BTCUSD will go and we will follow it.

The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast.


Please check out George Beaulieu on Youtube if you want to learn more about technical analysis.




smilingly


heish