Bitcoin after bulltrap at 8821 dumped up to 8222. Near 600$ rejection from top to local bottom. Bitoin was farmed inverse Head and Shouldern pattern (S 8283 H 8222 and S 8280). Price action closed above EMA 21,50,100 uptrend. Above mid range 8255.
Indicators: MACD crossover above zero line. RSI above 50 points. Bullish sign. BTC testing strong resistance at 8475 price level and 200 EMA line at 8457.
Volume increased confirm bullish price action.
Patterns: ISHS,range trading low range 7688, high range 8821.5, mid range 8255.
S/R: Support at 8299 Monthly Open, Resistance at 8475 Confirmation resistance line.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Indicators: MACD crossover above zero line. RSI above 50 points. Bullish sign. BTC testing strong resistance at 8475 price level and 200 EMA line at 8457.
Volume increased confirm bullish price action.
Patterns: ISHS,range trading low range 7688, high range 8821.5, mid range 8255.
S/R: Support at 8299 Monthly Open, Resistance at 8475 Confirmation resistance line.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
