NOTE: This is an inverted scale chart of btc.
1) Formation of Inverse H&S is possible.
2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top
3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.
1) Formation of Inverse H&S is possible.
2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top
3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.
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I still see a giant inverted H&S. I'm not 100% sure this scenario will happen, but so far it looks like it does.
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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.