Optimistically bullish scenario
BTC looks like it may be setting up an inverse head and shoulders pattern. If that scenario plays out, I would actually expect the monthly candle to close above the mid point of the log curve with bullish continuation. Now, this feels like a very optimistic scenario, but we can't count it out yet.
Note
If I took the time to measure the bars, this would be exact. Looking for a run here to complete the pattern.Note
So far so good.
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.
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.