BitcoinLong
BTC Technical analysis 1-May 2020
Hello
Locally price bounced of the 50 MA and fixed above the 8.580$ Horizontal Support. So we can go and retest 8.900$ Resistance Level.
Nevertheless there is a Head & Shoulders pattern, which is fully formed but not confirmed yet. And in case we lose the 8.580$ Horizontal Support and then 50 MA will be crossed to downward we can think about short position.
Locally price bounced of the 50 MA and fixed above the 8.580$ Horizontal Support. So we can go and retest 8.900$ Resistance Level.
Nevertheless there is a Head & Shoulders pattern, which is fully formed but not confirmed yet. And in case we lose the 8.580$ Horizontal Support and then 50 MA will be crossed to downward we can think about short position.
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