BTC BULLISH PATTERN!
Hello traders, here's my update for BTC now looking to form a bullish pattern which is an inverse head and shoulder textbook bullish. BTC needs to break the resistance trend-line above the 8851 regions and trade above 50MA in the 1H time frame. We also have a support area at 8547.98 if BTC fails this current price level potential market may turn to bearish and retest our support. For now, since BTC still manages to hold above 100MA our PRIORITY is LONG. Let's see if BTC can breakout and target up to 9000-9100 regions.
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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.