As mentioned in my earlier post, a break of 3640 and the downtrend is OVER for now...
We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS...
watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see comment update for chart)
I will consider this invalid if we close under 3500.
We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS...
watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see comment update for chart)
I will consider this invalid if we close under 3500.
Note
Head and shoulders rejected with a strong upward spike and bart pattern.. Current chart
Related publications
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.
Related publications
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.