BTC 3/7/18 11pm EST - head and shoulder 1 vs 2 and double top

BTC UPDATE 3/7/18: On the BTC/USD pair we need to be wary of a crucial resistance era of 9600 as this is a important line when it comes in term of a run up to 10300 or a dip down to 9400 or lower , on the 15m charts we have the presence of several indications of a bearish trend short term , we have a bearish flag , we also have a falling wedge which is essentially bullish however we have failed 2 different breakout attempts which shows a lax of bulls in the market , rest assured in a few days we are likely to resume a bull run but at this current time the bottom of this massive rising wedge collapse and double top is hard to determine and really resides in the bears sentiment on the market itself.

تعليق:

keep in mind the lax right shoulder does not nullify until at least 6k is hit the right shoulder of both the ihs or a regular HnS can exceed the trend of the left shoulder but not dip below the head