Bitcoin
Long

BTC needs relief

144
Morning guys,

As we've said, market has completed few long-term targets and yesterday has re-tested daily Oversold for 2nd time. Although long-term view, as well as momentum still stand bearish - BTC needs relief.

IT could happen by reverse H&S pattern that is forming there with upside potential to 5/8 Resistance around 5900$ area

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.