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 button๐
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Follow me to receive more updates on this pair๐ค
Comment any coin you need my analysis or forecast on๐๐
Happy Trading๐ฐ๐ฅณ๐ค
Thank you for your support!๐
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 button๐
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Follow me to receive more updates on this pair๐ค
Comment any coin you need my analysis or forecast on๐๐
Happy Trading๐ฐ๐ฅณ๐ค
Thank you for your support!๐
