As mentioned in my earlier post, a break of 3640 and the downtrend is OVER for now...
We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS...
watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see comment update for chart)
I will consider this invalid if we close under 3500.
We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS...
watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see comment update for chart)
I will consider this invalid if we close under 3500.
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4578 a important level to break..
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Possible head & shoulders now on BTC which if plays out would invalidate the chance of that inverse.
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Head and shoulders rejected with a strong upward spike and bart pattern..
Current chart
Current chart
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Note the hidden bear div in above chart.
Still possibility of a large inverse head and shoulders.
Still possibility of a large inverse head and shoulders.
