Hello Team,
Bitcoin has currently formed a bearish Head & Shoulders formation. "If" we break this support level with a confirmation candle we can see the price of Bitcoin push lower towards the 20K Support level. if you look to the left side of the chart there is not much support until that level.
We will not enter a trade until there is a confirmation candle as there is still a chance that we will bounce off this support after tomorrow's CPI news.
Play it smart and wait for confirmation. Enjoy!
Bitcoin has currently formed a bearish Head & Shoulders formation. "If" we break this support level with a confirmation candle we can see the price of Bitcoin push lower towards the 20K Support level. if you look to the left side of the chart there is not much support until that level.
We will not enter a trade until there is a confirmation candle as there is still a chance that we will bounce off this support after tomorrow's CPI news.
Play it smart and wait for confirmation. Enjoy!
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Rolling Profits.