Bitcoin has to stay in the falling wedge which it has successfully re-entered after a breakout to the downside and also the level of $41000 is a critical level to look out for, within a few days Bitcoin has to cross this level to nullify the effect of head and shoulder pattern which is formed in the las 6 months.
Also it is to be noted that when the last time Bitcoin formed a head and shoulder pattern( having a negative price target) a new high for Bitcoin was seen.
Also it is to be noted that when the last time Bitcoin formed a head and shoulder pattern( having a negative price target) a new high for Bitcoin was seen.
Note
Bitcoin is just at the top of the falling wedge.Important to break
Note
Bitcoin has crossed the strong resistance area of $41000.Possible scenario is conforming the breakout buy bouncing back from $41000 to confirm the breakout.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.