Is BTC going to form a right shoulder the next 2 months?
1- BTC will probably develop a double bottom on daily chart at 9100$, and from there we might see a light pump maybe even to back to 10000$.
2- After reaching reaching 10000$ and developing a lower high from the previous 10800$, BTC will probably drop again to the 9000$ line and break bellow it.
3- After the fall BTC will find support in at 7500-7400$ region due to previous trendline and the existince of the 128 MA in that area.
4- BTC will then pump and develop a right shoulder (Indicating a bearish movement afterwars).
What do you think will BTC develop a right shoulder and go even below 7400$ ?
2- After reaching reaching 10000$ and developing a lower high from the previous 10800$, BTC will probably drop again to the 9000$ line and break bellow it.
3- After the fall BTC will find support in at 7500-7400$ region due to previous trendline and the existince of the 128 MA in that area.
4- BTC will then pump and develop a right shoulder (Indicating a bearish movement afterwars).
What do you think will BTC develop a right shoulder and go even below 7400$ ?
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