Bitcoin is showing an Inverse Head and Shoulders bottom with a confirmed retest on the 5 and 15m candle charts. We are also on the retest of a much larger inverse head and shoulders pattern on the 1 day candles. This is about as bullish as it gets. Support ranges are 7000 for this pattern, and 6850 for the daily Inverse head and shoulders.
If this bottom holds, and it appears it will so far, this is the beginning of a long term bullish bitcoin!
If this bottom holds, and it appears it will so far, this is the beginning of a long term bullish bitcoin!
Note
Not looking good on the 15m, still looks great on the 1d chart.
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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.