BTCUSD - Inverse Head and Shoulders
Updated
Possible IHS on the daily chart indicating chances of reversal/retracements to the higher fib levels mentioned in the chart. However, the neckline has to be violated and retested before the confirmation of trend reversal and bull run. It can be a fakeout and the retest of the neckline can fail to make new lower lows.
Note
Still valid.
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.