BTC Inverted H&S (and more)
Looking at BTC, I see a couple of bullish signs on the daily timeframe.
1. We've recently broken out of a downwards channel that lasted a few weeks.
2. It looks like we're about to break through the ichimoku cloud on the daily.
3. BTC has formed an inverted Head and Shoulders pattern.
If the inverted H&S is confirmed after a solid breakout, I will be looking at a technical target of about 58k.
1. We've recently broken out of a downwards channel that lasted a few weeks.
2. It looks like we're about to break through the ichimoku cloud on the daily.
3. BTC has formed an inverted Head and Shoulders pattern.
If the inverted H&S is confirmed after a solid breakout, I will be looking at a technical target of about 58k.
Note
Looks like another rejection from the ichimoku cloud.I'll be looking at 39k for support and expect a bounce from there
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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.