As seen on the chart, BTC is well on its way of forming an inverse head & shoulders pattern. This pattern is classically a bullish reversal pattern, so we're looking for more upside potential.
Targets placed at recent tops, blue.
Wait for a confirmed break out through the neckline before considering a trade entry.
Targets placed at recent tops, blue.
Wait for a confirmed break out through the neckline before considering a trade entry.
Note
BTC wen down, as long as long as the price will stay above the right shoulder's low it's still a valid pattern.
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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.