BTC Uptrend - Multiple Ideas
Idea 1
Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength.
Idea 2
Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend.
Idea 3
Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and fights resistance of previous support, loses upward pressure to a final support around 3600 before continuing uptrend.
All 3 scenarios are bullish, anything below 3200 is rendered bearish.
Do not trade this idea.
Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength.
Idea 2
Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend.
Idea 3
Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and fights resistance of previous support, loses upward pressure to a final support around 3600 before continuing uptrend.
All 3 scenarios are bullish, anything below 3200 is rendered bearish.
Do not trade this idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.