BTC potential to retest

22 Ağu

BTC could use this small head and shoulders pattern to propel upwards back into the top of the 6 month channel it's been stuck in. If it can break through the trap zones convincingly (yellow box and yellow line) I would hold on tight for another big move up! If it gets rejected from the yellow box we could see a retest of the lower channel and more potential lower buying opportunities. If we break up to the yellow line and get rejected I think we will have another shot at the top of the channel before we see any big moves either way.