BitcoinLong
BTCUSD ANALYSIS
Here is technical analysis of BTCUSD, as we all saw that the asset in question is on a bearish move on a month time frame with the M or Double Top formation, However, as the price got to the neckline of the reversal pattern it halted as it couldn't break through the level. this saw the price moving upward at 35k + level.
Furthermore, scrolling down the lesser Daily TF, we could see that the price broke above the declining trendline to the previous LOWER HIGH (LH). it's expedient at this juncture to use the FIB tool from the swing low of the previous latest pull back to the current level to find possible target point of this reversal, we could foresee that the price may retest the 0.618-0.5% of the FIB retracement tool prospectively giving an INVERTED HEAD and SHOULDER reversal Chart Pattern to the upside up to the previous (ATH).
Do well to reply with your own Bias or criticisms.
weakness: Absence of the precise Price levels...
i would improve next time.
N/B: DYOR (Do Your Own Research)
Furthermore, scrolling down the lesser Daily TF, we could see that the price broke above the declining trendline to the previous LOWER HIGH (LH). it's expedient at this juncture to use the FIB tool from the swing low of the previous latest pull back to the current level to find possible target point of this reversal, we could foresee that the price may retest the 0.618-0.5% of the FIB retracement tool prospectively giving an INVERTED HEAD and SHOULDER reversal Chart Pattern to the upside up to the previous (ATH).
Do well to reply with your own Bias or criticisms.
weakness: Absence of the precise Price levels...
i would improve next time.
N/B: DYOR (Do Your Own Research)
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