$BTCUSD - Ending diagonal
Hi guys! 👋🏻
🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back.
🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern.
🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well
🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back.
🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern.
🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well
🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
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