After retest neckline, can BTC keeps moving up?
In H1 timeframe
Yesterday, BTC was pushed up to touch $24170 derived from the head and shoulders pattern (this is a pattern with a high success rate).
- After that, price retests the neckline also the current closest support
- At support 1, there's pin bar candle - short-term bullish signal
- Within 5-7 days if the price still holds well above the 2 supports $23260 and $22700, price can continue to rise
The nearest resistance $24170
Yesterday, BTC was pushed up to touch $24170 derived from the head and shoulders pattern (this is a pattern with a high success rate).
- After that, price retests the neckline also the current closest support
- At support 1, there's pin bar candle - short-term bullish signal
- Within 5-7 days if the price still holds well above the 2 supports $23260 and $22700, price can continue to rise
The nearest resistance $24170