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Bitcoin

Critical point for BTC

Von ShivaNICKARIA
Aktualisiert
IN long term chart we can see a head and shoulder pattern. It's neckline is critical for BTC. Break down below neckline is negative sign. Support in neckline is vital.
Anmerkung
Neckline area: 7625-7680
Anmerkung
BTC back above to touch neck line.
Anmerkung
BTC move as expected. Break above the 7625 and then 7680 neckline area is a positive sign.
Anmerkung
BTC touch the neckline. Big profit for who buy in bottom.
Anmerkung
Now the most important thing is reaction to the neckline. close above it in a sign of reversal.
Anmerkung
A correction is happening. Back from 7580 and touch 8250 is still possible.
Anmerkung
Neckline Touched as expected.
Anmerkung
Now the most important thing is break out the neckline and close above it or rejection. sit back and watch the reaction to the neckline.
Anmerkung
Personally I think BTC will go above the neckline around 8350-8420 and then fall down.
Anmerkung
8420 tuoched as expected.
Anmerkung
fall down from 8420! as expected.
next retrace from 7880 is possible.
Area 7600 -7800 could be supportive for final retrace to touch neckline again.
Now look for reaction to 7880.
Anmerkung
First try for retrace from 7900 (7880 good support point) is in process as expected.
Anmerkung
BTC may go to 7600.
Trend Analysis
ShivaNICKARIA

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