In the previous article, we have mentioned that the BTC broke through the downward trend line of the falling wedge, back to falling wedge pattern.
Earlier this day, BTC continued to try to break the resistance of the daily 200 ma, and failed to break through.
Now, we can see the BTC is trying to build inverse head and shoulder, building a right shoulder and continuing to try to break the daily 200 ma resistance.
The daily 200 ma can acted as the neckline of the inverse head and shoulder.
Recommended the investors, can enter the market after breaking through the daily 200 ma.
Or when building the bottom of the right shoulder, the bottom of the inverse head and shoulder is located near the 8000-8300.
Recommended stop loss at the top of the inverse head and shoulder 7700 support zone.
How is the inverse head and shoulder work out. This pattern is based on the fact that the decline in the market has reached the point of satisfaction and the trend is reversed.
The W bottom pattern on the daily timeframe.
We can know that the trend is trying to reverse.
Pay close attention to the mainstream coins. Once the bottom is stabilized, the market will break out.
There is not much time left for the main fund to break through the cost range of 7500-7700,
In order to successfully meet the next year BTC half reduction.
Earlier this day, BTC continued to try to break the resistance of the daily 200 ma, and failed to break through.
Now, we can see the BTC is trying to build inverse head and shoulder, building a right shoulder and continuing to try to break the daily 200 ma resistance.
The daily 200 ma can acted as the neckline of the inverse head and shoulder.
Recommended the investors, can enter the market after breaking through the daily 200 ma.
Or when building the bottom of the right shoulder, the bottom of the inverse head and shoulder is located near the 8000-8300.
Recommended stop loss at the top of the inverse head and shoulder 7700 support zone.
How is the inverse head and shoulder work out. This pattern is based on the fact that the decline in the market has reached the point of satisfaction and the trend is reversed.
The W bottom pattern on the daily timeframe.
We can know that the trend is trying to reverse.
Pay close attention to the mainstream coins. Once the bottom is stabilized, the market will break out.
There is not much time left for the main fund to break through the cost range of 7500-7700,
In order to successfully meet the next year BTC half reduction.
