Upward slanted inverse head and shoulders on bitcoinThe overhead resistance bitcoin priceaction has been battling with the past few days is this upward slanted tan neckline shown here. Not sure when price will actually break above this line and upward slanted inverse head and shoulder patterns can be some of the more difficult ones to trigger the breakout on…however if it does indeed breakout in the near future the measured move line is already over 50k at this point and will only move higher the longer it takes to get above the line….of course we could see a correction that dumped us far enough to retest the base but I think worst case scenario at that point is the inv h&s would morph into more of a double bottom pattern. Whether we trigger a breakout from this pattern in the near future or we instead correct deeply enough for it to morph into a double bottom pattern, it seems worth keeping an eye on as I feel confident that we will reach these kind of breakout targets soon enough most likely before Q2 of next year. *not financial advice*
