BTCUSDT could possibly form a medium term flat correction, which could push price back up to retest the 51.7k resistance
There are not enough evidences yet for the move will to occur, however, it is a plausible pattern to keep in my mind and be prepared for it in case the 40s hold strong.
The H&S is only valid on Coinbase and Binance, but not on Gemini. So, for the Gemini chart to print a H&S, prices will need to retest 51.7avg resistance.
Therefore, BEARS need to stay alert and avoid shorting below 40k.
Bulls also will need to avoid longing above 50k
I'm still holding my short positions for now.
There are not enough evidences yet for the move will to occur, however, it is a plausible pattern to keep in my mind and be prepared for it in case the 40s hold strong.
The H&S is only valid on Coinbase and Binance, but not on Gemini. So, for the Gemini chart to print a H&S, prices will need to retest 51.7avg resistance.
Therefore, BEARS need to stay alert and avoid shorting below 40k.
Bulls also will need to avoid longing above 50k
I'm still holding my short positions for now.
