mmaghayi

mmaghayi

A head and shoulders pattern is formed in BTC, visible in 4H and lower time frames. The neckline (around 47000) is broken and validated by an increase in trade volume. A drop in price is expected, with a possible target around 42000.

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Bullish signal is confirmed when the price breaks through the upper side of the pattern. Blue line shows upper lows for the price, which is a requirement for confirming the pattern.

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A giant triangle is formed in BTTUSDT daily chart. A breakout from the upper side will trigger a sharp ascending trend. Possible ascending trend will have a target of (breakout price + 0.0175) or about 0.02 USD.