Possible head and shoulder pattern to come from BTC/USD
This is one of the possible plays that might occur with BTC/USD at the $2400. A retracement might happen once it reaches the $2400 resistance level. If it doesn't break through it, then we could see a retracement down to the $2200 support level which could develop into a head and shoulders pattern to try and test the $2400 level again.
Bình luận:
It didn't quite hit the $2400 mark. It got to $2380 and now approaching the $2200 support level.
Bình luận:
Hit $2400 and couldn't hold above. With the 1st of August coming soon and the panic in the community. We could see a bearish market earlier than expected if we don't hold support at $2200 - $2240