Update on Btc, I have just spotted a potential inverse head and shoulders pattern on the one hour time frame. We have bullish divergence and convergence between the 1 and 3 hour time frame (not confirmed on the four hour). A few minutes ago, I posted a TA for a possible retrace between $11,800 and $12335. Targets remain the same, although with the pattern in development, we may see potentially $11,716 area! I have taken a position a little below $11600.I am a little late to this pattern, but I think the probability of it playing out is extremely high.
Note
$12,716! CORRECTION
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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.