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AlexG3158
May 26, 2021 12:42 AM

Good news for bitcoin?  Long

Bitcoin / TetherUSBinance

Description

We saw a sharp correction in the price, the price fell following a clear tendency to the downside. However, in the last few days, the price reached a strong resistance in the $30,000 level, this resistance had already been tested and retested at the beginning of the year, afterwards, the price made a higher low. The trend line that bitcoin had been respecting in the last few days was broken and now we are possibly forming an inverted head and shoulders pattern. Will bitcoin be able to make a clean bounce to the upside and continue the bull run or will it continue falling? Remember to trade with caution, particularly in these moments of extremely high volatility, also, pay special attention to the volume, a movement of this magnitude must come along with high volume in order for it to be confirmed. Let me know what you think about this idea.
Comments
joegriffithsphoto
Seeing the same thing, hopefully plays out
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