BTC Necklines, Heads and Shoulders
We just bounced off the previous neckline from the "W" which I was talking about the other day so my top target for the current rally remains at 53k.
Here is one visual explanation in the form of a pattern that I've been posting for a few weeks now.
You can see that this repeating H&S is really taking form now on the weekly and smaller timeframes.
We just bounced on the 52w MA (pink). Let's see if we can get all the way to 53k before we reset for a new ATH rally and can find the bounce at around 40k.
Here is one visual explanation in the form of a pattern that I've been posting for a few weeks now.
You can see that this repeating H&S is really taking form now on the weekly and smaller timeframes.
We just bounced on the 52w MA (pink). Let's see if we can get all the way to 53k before we reset for a new ATH rally and can find the bounce at around 40k.
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