XBT (BTC) 4 Hourly Potential
Current resistance sits at $6704 and support rests around $6589.
There's lower supports that could see us down $6317, and $6134, but with the recent series of higher lows, I'm leaning toward some continued upward movement to the $6900 region before a return to the $6700's or $6800's.
From there I'd expect to see progressive incline to complete this inverse head and shoulders pattern that's in play.
I have some targets of interest, both to the upside and down.
The bottom grey line is the area I'm watching to see how much gas the bears have left in the tank.
The top line is for the bulls to see if we can push through this lower channel and move back up to the next zone to consolidate.
Watch your coins, count the risk, place your bets, let it play.
There's lower supports that could see us down $6317, and $6134, but with the recent series of higher lows, I'm leaning toward some continued upward movement to the $6900 region before a return to the $6700's or $6800's.
From there I'd expect to see progressive incline to complete this inverse head and shoulders pattern that's in play.
I have some targets of interest, both to the upside and down.
The bottom grey line is the area I'm watching to see how much gas the bears have left in the tank.
The top line is for the bulls to see if we can push through this lower channel and move back up to the next zone to consolidate.
Watch your coins, count the risk, place your bets, let it play.
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