Caution, this analysis was made by a beginner.
So, against my expectations BTCUSD has broken out of the large descending triangle, which was forming since the high from 20th January, and is now starting a bull rally. Also, note the Inverse Head and Shoulders pattern, which has been forming recently. In my last analysis I ignored that pattern, as I considered the...
First things first, I know that I'm far from being a trading expert, more like a beginner. But well, today I looked into some TOP analyses on BTCUSD and there I saw some super weird trendlines, even my amateur lines might be better. So here it goes.
As you can see there's a huge descending triangle forming since the high from 20th January and two more highs...
We have a very clear bodybuilder head and shoulders formation here. I'm pretty sure this will go up or down shortly, maybe even both.
Please leave a like for my drawing skills.
Disclaimer: This is not a trading recommendation. I don't even know what I'm doing.
