It turned out that H&S pattern was built in order for MM to be able to buy more 
BTC, thanks to the sell volumes. After the whole market realized that the price wasn't going down, some people began to buy back, changing the trend to upward again. H&S pattern was broken and this recent high around $8170 can't be the right shoulder.
The strongest support is located around $7500 - $7600. Less strong support levels are $7850 and $8000, there you can buy. Resistances are located at $8100 - $8200 level and $8350. If we see a breakout of these levels, we'll go higher to $8500 - $9000 zone. This direction is also supported by the previous ETF idea.
An uptrend will be broken only in case of $7500 breakdown.
BTC, thanks to the sell volumes. After the whole market realized that the price wasn't going down, some people began to buy back, changing the trend to upward again. H&S pattern was broken and this recent high around $8170 can't be the right shoulder.The strongest support is located around $7500 - $7600. Less strong support levels are $7850 and $8000, there you can buy. Resistances are located at $8100 - $8200 level and $8350. If we see a breakout of these levels, we'll go higher to $8500 - $9000 zone. This direction is also supported by the previous ETF idea.
An uptrend will be broken only in case of $7500 breakdown.
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Website:
klondikepro.com/
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t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
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Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
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.