So this is my idea for a possible inverse head and shoulders on the BTC chart. The bump and run reversal played out more or less (drop after break of main trendline) but has recovered quickly since then.
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Comentário:
So far it's following the pattern nicely, would expect a retest of the neckline in the next 12-24 hours if this plays out.
Interesting that both shoulders so far have similar fractal patterns, an early low followed by a steady incline.
The pink trendline I've drawn in the right shoulder should not break to keep momentum.
Interesting that both shoulders so far have similar fractal patterns, an early low followed by a steady incline.
The pink trendline I've drawn in the right shoulder should not break to keep momentum.
A more conservative approach would be to wait until the neckline is broken (8450+) with volume, targets just above and below 9k. Maybe even 9.5-9.8K.