🔥 Bitcoin Inverse Head & Shoulders Pattern: Bulls Taking Power
Updated
In yesterday's analysis I argued that Bitcoin's bull-trend is far from over. The short-term trend is still in favor of the bulls, but only as long as the bottom support held.
As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out.
In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out.
In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
Note
Signal cancelled. Pattern invalidated. No entry has been made.
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