There is big inverse head and shoulders pattern that could lead btc to 16k.
Well, i check it out in Buklowski encyklopedia of chart patterns .... it says that head and shoulders bottom pattern has a typical volume pattern. Volume is usually highest on the head, than the left shoulders and then even lower on right shoulder. A rise from the head to to right shoulder accompanies a rise in volume as does actual breakout.
If this is correct btc is testing it and if there will be no failure we should to rise in a few days(what is expect by Elliott wave count-see related link)
Well, i check it out in Buklowski encyklopedia of chart patterns .... it says that head and shoulders bottom pattern has a typical volume pattern. Volume is usually highest on the head, than the left shoulders and then even lower on right shoulder. A rise from the head to to right shoulder accompanies a rise in volume as does actual breakout.
If this is correct btc is testing it and if there will be no failure we should to rise in a few days(what is expect by Elliott wave count-see related link)
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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.