azizelliott

$BTCUSD - Ending diagonal

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BITSTAMP:BTCUSD   Bitcoin
Hi guys! 👋🏻

🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back.

🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern.

🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well

🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move.

✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.

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