BTC head and shoulders short to re-test lower channel

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Potential head and shoulders short to re-test lower channel.

Let's see if BTCUSD breaks lower here to continue the H&S pattern. The lower wedge trend line sits at around $10,700.

Note we really need to re-test the wedge breakout to confirm a healthy uptrend anyway!

If the lower channel breaks, we are headed to re-test the $10k tether support fund, followed by the $9k long term trending support.
What do you mean by the "$10k tether support fund"?
@siwe7, lately when price reaches $10k, tether begin printing money out of thin air. Then price rises. So 10k is quite a strong wall, due to huge tether investment.
siwe7 RickRolled
@RickRolled, okay, so you were serious :D
well... if that "support" comes from tether, we all should ask ourselves, what happens if this support is gone...
@siwe7, exactly! ;)
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out