As per diagram above we can see that the BTCUSDT chart has perform a irreversible Head and Shoulders pattern,
this shows is rejecting lower lows as u can see from the long wicks.
You also can see on the graph the blue box shows strong support level for now and might not go lower than that.
There is strong resistance from the upper level of 9000$, so we will see the price fluctuate for a few hundred dollars.
IMO, we might go to $9000 level in a couple of hours/days from now, and from there we will be able to see how will it stabilize itself
and also, i don't see the dip towards lower 7000$ anymore.
**Above is graph i drew for my opinion. this doesn't mean any advice nor recommendation to either buy or sell anything!
It's only meant for use as informative or entertainment purposes**
Do like and follow for further updates.
Donations as very thankful :)
BTC: 15oY9LNGzP6V6c4t21wcobdA53jt7pnFTY
ETH: 0x939121900b75d47a0c4eb4762dd5d582659fd675
TRX: 0x939121900b75d47a0c4eb4762dd5d582659fd675
this shows is rejecting lower lows as u can see from the long wicks.
You also can see on the graph the blue box shows strong support level for now and might not go lower than that.
There is strong resistance from the upper level of 9000$, so we will see the price fluctuate for a few hundred dollars.
IMO, we might go to $9000 level in a couple of hours/days from now, and from there we will be able to see how will it stabilize itself
and also, i don't see the dip towards lower 7000$ anymore.
**Above is graph i drew for my opinion. this doesn't mean any advice nor recommendation to either buy or sell anything!
It's only meant for use as informative or entertainment purposes**
Do like and follow for further updates.
Donations as very thankful :)
BTC: 15oY9LNGzP6V6c4t21wcobdA53jt7pnFTY
ETH: 0x939121900b75d47a0c4eb4762dd5d582659fd675
TRX: 0x939121900b75d47a0c4eb4762dd5d582659fd675
Comment:
looks like i was right, the bounce was perfect and now it will need to break 9500$ resistance soon.. will provide updated graph