BTC - The Real Direction?
Bitcoin is currently forming a pattern which is known as the Compound Fulcrum. The pattern is rare but very Bullish pattern, Bitcoin has seen great improvement in Price in months of September before and this month Bitcoin has seen some improvements like forming Higher lows, Which indicates bitcoin is Gaining Momentum.
If you look in the Chart, It consists of an inverse head and shoulders and a head and shoulders trading inside a wedge. BTC Has to make a movement soon and Looks like it will be Up!
In the Bearish scenario, I feel if we went to test the Huge trendline support at $6000-$6100 again, We'll most likely break down this time to $5200-$5900 areas.
If you look in the Chart, It consists of an inverse head and shoulders and a head and shoulders trading inside a wedge. BTC Has to make a movement soon and Looks like it will be Up!
In the Bearish scenario, I feel if we went to test the Huge trendline support at $6000-$6100 again, We'll most likely break down this time to $5200-$5900 areas.
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