Bitcoin broke down BUT you might see All-time high soon!
Although BTC Head and Shoulders Pattern I posted yesterday was valid but BTC got a support from $58200 and now broke back up the $60000 neckline.
If this 4h candle closes above the neckline i.e. $60000, this falling wedge pattern can play out.
Keep in mind that this pattern haven't broke out which means that we need to wait for the breakout to go long with the technical targets of recent All-time high but another "target showing tool" indicates targets to be around $72027.20.
Many of you might be confused with these bearish and bullish patterns at the same time. Well, we need to be with the trend and wait for the clear direction of trend, otherwise we'll get rekted.
Muneeb.
If this 4h candle closes above the neckline i.e. $60000, this falling wedge pattern can play out.
Keep in mind that this pattern haven't broke out which means that we need to wait for the breakout to go long with the technical targets of recent All-time high but another "target showing tool" indicates targets to be around $72027.20.
Many of you might be confused with these bearish and bullish patterns at the same time. Well, we need to be with the trend and wait for the clear direction of trend, otherwise we'll get rekted.
Muneeb.
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