Bitcoin Index ($XBT) Analysis by imRedaSouhailÂ
Bitcoin / US Dollar IndexBitMEX
Description
⋅ #Bitcoin Index XBT Analysis🧩// Head and Shoulders.
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Bitcoin is still Bearish📉 A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. as technical analysts, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
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Bitcoin index may get a bullish correction to retest its previous Broken Neckline and we might see it act as a resistance level for The XBT index.
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ISMASHPROFIT 💎