Support Becomes resistance on Bitcoin
This chart shows the head and shoulders line and specific areas where it previously had been support and is now resistance.
In order to regain bullish momentum bitcoin needs to close above this line on the hourly chart.
As we can see, we are forming a head and shoulders on the 15 min chart.
I'm still observing and ready for either a test of lows or break below to new lows.
In order to regain bullish momentum bitcoin needs to close above this line on the hourly chart.
As we can see, we are forming a head and shoulders on the 15 min chart.
I'm still observing and ready for either a test of lows or break below to new lows.
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.