Bitcoin / TetherUSAtualizado BTC has broken out of the rising wedge pattern.
Here's what you need to know: BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.
*This is not financial advise, strictly for educational purposes*
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BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
Nota
Looks like we have broken way ahead of my projection. More on support analysis to come.
Aviso legal
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