There is an inverse head and shoulder pattern in formation that has been playing out since the last ATH approx ($73.6k) on Mar 13, left shoulder formed gallantly at ( approx $59.8k) head formed perfectly at ( approx $56k) and right shoulder leap off right at approx ($60k), although the right shoulder hasn’t consolidated that much within approx($60k - 
73K) since it immediately bounce off $60k of the its shoulder (there is still possibility it comes down to approx 60k to establish a strong right shoulder (but not lesser!!) BUT YOU SHOULD WATCH THE PERFECT ELLIOT IMPULSE WAVE ALSO FORMED BY THE RIGHT SHOULDER AS IT BOUNCES OFF $60k, THE ELLIOT IMPULSE WAVE FORMED PERFECTLY RESPECTING THE BOUNDARIES OF (1,2,3,4) and the 5th wave can send BTC breaking the previous ATH of March 13 ( approx $73.6k) to a new ATH of ( approx $80k)
73K) since it immediately bounce off $60k of the its shoulder (there is still possibility it comes down to approx 60k to establish a strong right shoulder (but not lesser!!) BUT YOU SHOULD WATCH THE PERFECT ELLIOT IMPULSE WAVE ALSO FORMED BY THE RIGHT SHOULDER AS IT BOUNCES OFF $60k, THE ELLIOT IMPULSE WAVE FORMED PERFECTLY RESPECTING THE BOUNDARIES OF (1,2,3,4) and the 5th wave can send BTC breaking the previous ATH of March 13 ( approx $73.6k) to a new ATH of ( approx $80k)
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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.