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Bitcoin made an inversed head and shoulders and raised to 11.7K-12K area hitting my target from last chart and then bounced showing that it needs now a correction which confirms a possibility of a new and bigger inversed head and shoulders that can bring us to 17-18K area. We have a strong resistance at 12K and several medium supports that can hold Bitcoin price up and give Bitcoin another attempt of breaking 12K to complete the pattern. If it doesn't break the 12K area we should fall more and continue in downtrend.
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cnbbcn
I was first buddy.. :)
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cnbbcn
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cryptobza
What's your opinion on the best entry point for BTC? Now? or wait for a move up?
+1
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Dude56
cryptobza
@cryptobza, When Bitcoin breaks the 2nd downtrend line in my chart or when test the 1st resistance line that it is now a support. It will probably test that support arround 9k dollars.
+1
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cryptobza
Dude56
@Dude56, Thanks!
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