BTC/USD - Forming the right shoulder? 26/3/18

in bitcoin •  7 years ago 

HI

so btc price seems to be stuck sideways between our resistance of $9,000 - $9,100 & our support of $8,300 - $8,200.

In a bullish scenario this is simply forming the RIGHT SHOULDER of the inverted H&S discussed days ago:
https://steemit.com/bitcoin/@sourlemonball/btc-usd-bullish-scenario-22-3-18
(keep in mind the smaller H&S was invalidated due to a break back under neckline)

If we are Bullish a break upwards of our $9,000 - $9,100 resistance is crucial .

In a bearish scenario a break below our $8,300 - $8,200 support will lead to testing our otherlower support regions.

Resistances
$9,000 - $9,100
$9,400 - $9,500

Supports
$8,300 - $8,200 (testing)
$8,150 - $8,000
$7,700 (plz no)
$7,320 (hello possible lower low)

HERES MAH CHART

Screen Shot 2018-03-26 at 10.22.56 am.png

Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!

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