Bitcoin - Important Head&Shoulder formation
Updated
Hello All !! There is an important H&S formation in play. The picture is text book on D chart...and more define on 12H or 6H chart...This can take us as low as 7000-6800 but IMO I would say it's a no man's land..
Support shows that 7400 is more likely to happen. Also, that level correspond to a healty volume range as shown and also, strangely, correspond to the .786fib level when considering the bull run late 2019 till the peak 02/14 (head of H&S).
Personaly, I would feel lucky to buy at level of 7500-7400. Let'S watch it out.
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On my end...with halving coming, my strategy is for long term and I'm just waiting to see BTC to drop to lower level so I can buy and get more satoshi...Having long term goal in mind, each satoshi will worth a lot if we x10 or x100 !!!
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