In the last few hours the price of Bitcoin has returned the price forming a false break of the triangle.
Let's see
What do you think has happened?
The exchanges went to liquidate long positions?
From what we see the price was not sustainable and they went to look for liquidity.
picture source:https://blockchainwhispers.com/bitmex-position-calculator/#
For now the price remains above the average line of 21 daily chart.
It is very important to close the day, above that middle line so as not to think that it will continue correcting the price. And keep thinking about Bullish Bitcoin
To continue correcting
The price could form the Shoulder, Head, Shoulder (SHS) so mentioned these last weeks?
What you think?
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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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I don't see a iHS being formed but a correction till 9000 may be possible...
The key is going to be where you close the candle today, above or below the 21-period median line 1D
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