I expect Bitcoin to pump to $40k, then $58k or dip to $20k.
We have our supply (resistance) zone also where our right shoulder lies at $40,500 - $41,500 and our demand (support) zone which is also the head and shoulder neckline at $29,000 - $30,000.
Fortunately, price bounced back upward at the demand zone with a bullish pin bar currently in view. And we have price heading to the upper trendine first, then the supply zone at $40,000 before $58,000.
Here is our Fate:
If price continue in this upmove, we go long to $38,000.
BUT
If price reverse, $20,000 may be the next new target which means the H & S Pattern will complete and this idea I published earlier which we all don't want will now complete. Check it out here and tap the play buttonđ
What do you think?
Share your opinion in the comment sectionâïž
Please support this idea with a LIKEđ if you find it usefulđ„ł
Follow me to receive more updates on this pairđ€
Comment any coin you need my analysis or forecast onđđ
Happy Tradingđ°đ„łđ€
Thank you for your support!đ
We have our supply (resistance) zone also where our right shoulder lies at $40,500 - $41,500 and our demand (support) zone which is also the head and shoulder neckline at $29,000 - $30,000.
Fortunately, price bounced back upward at the demand zone with a bullish pin bar currently in view. And we have price heading to the upper trendine first, then the supply zone at $40,000 before $58,000.
Here is our Fate:
If price continue in this upmove, we go long to $38,000.
BUT
If price reverse, $20,000 may be the next new target which means the H & S Pattern will complete and this idea I published earlier which we all don't want will now complete. Check it out here and tap the play buttonđ
What do you think?
Share your opinion in the comment sectionâïž
Please support this idea with a LIKEđ if you find it usefulđ„ł
Follow me to receive more updates on this pairđ€
Comment any coin you need my analysis or forecast onđđ
Happy Tradingđ°đ„łđ€
Thank you for your support!đ
