Cryptic02

Cryptic02 Jun 5, 2021

With the symmetrical triangle reaching its end and Bitcoin failing to test the 41k critical resistance despite a breakout, currently we are looking at the -almost complete- formation of head and shoulders pattern on the 4hr chart. For the better or worse. It's looking likely that Bitcoin will test $33,000 again. All the best in your trading/HODLing.

Cryptic02 Updated  May 28, 2021

Following the Sunday's crash, Bitcoin continued the week with a convincing rally with a breakout from downtrend channel before failing to produce higher highs on the 4 hour chart. Why is this? Bitcoin is facing a strong resistance zone at $41,000 despite notable volume. It's likely for Bitcoin to retrace to $36,000 over the weekend before charging to the peak of...