BTC correction to $3800
Actualizado
The correction should take place now and BTC should test $3800. Bearish divergence on the 4h chart.
Nota
well, target almost reached but that speed that it achieved it with makes me thing we may dump further. I'll look into it. but bulls need to hold $3700 if the want to make that big inverse head and shoulder into reality.Nota
$3661 needs to hold or the inverse H&S is invalidated.Nota
The inverse H&S is very much still into play. Bitcoin’s inverse H&S doesn’t look perfect but the total market cap chart shows a better pattern. If we trade between the blue lines for couple of days or weeks then a powerful move upwards toward $5600 is very very possible. Like 85% I’d say now.Nota
Looks like $3660-$3730 is a support area and should hold. We should see consolidation above or in this area for a few days before going back up.Nota
Price Range is getting tighter, volume is steady, big move may come up soon. However I doubt it will happen in this daily candle so we might have to wait for the next daily candle. For the moment I see a inverse bart move on low volume so we should be going up. $3661-3730 keeps providing support.Nota
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