ðĨ Bitcoin Inverse Head & Shoulders: Back To All Time Highs!
Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern.
In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.
Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.
Share your thoughts ð
In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.
Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.
Share your thoughts ð
āļāļąāļāļāļķāļ
And just like that BTC drops 5%. There's still a reversal possibility around 59.6k, but seems like the trade will not be activated. Will monitor.
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