next btc resistance here, will test neckline and either:
1. break into ichimoku cloud and try to find new support
2. get denied and continue its bear trend to find support somewhere lower
Good place to watch although i do not recommend opening any positions based on this idea since there is a high possibility of a fakeout.
1. break into ichimoku cloud and try to find new support
2. get denied and continue its bear trend to find support somewhere lower
Good place to watch although i do not recommend opening any positions based on this idea since there is a high possibility of a fakeout.
Note
got denied at neckline, now there is a larger inv h&s whose neckline is now being retested after the breakoutNote
as you can see btc tried to retest and travel along the neckline but had a very clear denial and broke down towards $10k levels.
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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.