Bitcoin is currently headed for a retest of the 6850 inverse head and shoulders pattern. This level is also the .618 fib level. At that level the market will determine whether we are in the beginning of a bull market or a continuation of the larger bear market or consolidation pattern.
This is a key area for trading, and for the next 3ish months of bitcoin price action.
This is a key area for trading, and for the next 3ish months of bitcoin price action.
Note
It looks like we have our retest, and we have an inverse head and shoulders bottom on the 5m candles.Trade active
In accumulation/buying range.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.