BITCOIN BULLS ARE BACK & Potential Inverse HNS Pattern
Hi everyone,
Thank you for considering reading my idea. Note that this is not financial advice.
Since we touched the lower part of the broadening megaphone pattern, we pumped 12% to touch the upper part of the megaphone. We may get rejected on the broadening megaphone pattern but I think there's a potential inverse head and shoulder pattern forming if we find support at 54k level. Target of the potential pattern is at 62,700 and we will be on price discovery mode.
Thanks for reading. Happy trading!
Thank you for considering reading my idea. Note that this is not financial advice.
Since we touched the lower part of the broadening megaphone pattern, we pumped 12% to touch the upper part of the megaphone. We may get rejected on the broadening megaphone pattern but I think there's a potential inverse head and shoulder pattern forming if we find support at 54k level. Target of the potential pattern is at 62,700 and we will be on price discovery mode.
Thanks for reading. Happy trading!
Note
Apparently, it's forming a potentially bigger inverse H&S
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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.
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.