Bohrzor

Bitcoin Inverse H&S to test 5400 Resistance

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
60 views
1
60 1
We have come down fast and hard on $BTCUSD and to me it is clear the bottom still isn't quite in yet. However, the 5400 region does not seem to be tested as resistance fully, and dates all the way back to the bull-run of 2017 as a key area.

It looks like we have the opportunity of forming an inverse h&s to reach this region in the next week or two. This would confirm the price as strong resistance therefore pushing us back down and making new lows.

Alts look to need breathing room as well, and the market has been brutal lately. This move would be perfect, but perhaps too perfect...
One thing I know is we will go down further eventually. Take this with a grain of salt.

-Cryptozor
I observed it First!! 1st to see it!! Agree!.. have observed the pattern since Dec. 17th :)

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out