BTC/USD seems to be forming a head and shoulder pattern on the 1hr chart. If this Pattern forms and we see it breaking out of the $33,400 neckline we can see a move of approx. 13% to a about $37,400 to $38,100 in the next day or 2.
<<<This is not Financial advice, please do your own research>>>>
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BTC has broken above the down trend line, Could be a possible fake out .. wait for the retest of the down trendline before going long.
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Volume is very low for a break of the uptrend line. Could this be a possible fake out??
RSI doesn’t indicate this would happen
And volume doesn’t exist to make this happen
Charbullish
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@frenchies4ever, Anything is possible, there is a a lot of manipulation going on at the moment. BTC Seems to surprise always when we least expect it. If the RSI stays above or bounces off the 40 line in the RSI indicator it will be a good indication of a possible bullish scenario playing out. Plus BTC has tested the 33k resistance zone 7 times in the last 2days. you never know.
frenchies4ever
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@CharlieH500, yeah you’re right surprisingly we went up
And volume doesn’t exist to make this happen