Another Dump Pump And Dump Of Bitcoin (BTC)
Hi, friends hope you are well and welcome to the new update on Bitcoin: Down channel: On an hourly time frame, Bitcoin broke down the support of a channel but soon re-enter the same channel and after breaking out the resistance once again entered the channel. Head & Shoulder: On a 4-time frame, BTC is forming the bigger right shoulder of a Head & Shoulder pattern. Testing long-term support: On a weekly time frame, Bitcoin is moving below $19500 support and we need the weekly closing above this level. For a detailed analysis, you can watch the video.