BitcoinUpdated BTC linear - possible iHead&Shoulders, Daily
Looking at this, currently gives me stronger bullish feeling, very much depending on how scared the shorter´s are at this point
making a retrace to the mid 5k$ a fair opportunity for short-term recovery. I am not 100% convinced yet, but it is a possibility.
It basically all depends on the wick-to-wick resistance from log chart (last one keeping us from further rise).
We do have seen a rally after an iHS before within the consolidation.
making a retrace to the mid 5k$ a fair opportunity for short-term recovery. I am not 100% convinced yet, but it is a possibility.
It basically all depends on the wick-to-wick resistance from log chart (last one keeping us from further rise).
We do have seen a rally after an iHS before within the consolidation.
Note
Here the 6h log as comparison:
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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.