RISE or FALL!? Big Movements to be made!

So we can see Bitcoin forming a potential head and shoulders , very clear! At the same time it is also following a nice trend support line and Bullish Symmetric Triangle.

BEARISH: If Bitcoin drops below the trend support line i will be very bearish as it heads for my minor support zone at the 0.618 Fib at roughly the $10000 mark. Breaking this support zone will see as crashing to the major support zone i have outlined at the point 0.786 fib at around $8900 before bouncing.

BULLISH: If Bitcoin respects the support trend line and Bullish Symmetric Triangle you can find us retesting the new resistance levels at around $12441 which in my opinion shouldn’t be too hard to break.

GOODLUCK my friends 🙂

Aus –