COS BTC pair has recently formed an inverse H&S and has recently broken past the neck line.
This is a very bullish level and as long as we hold above this neck line, i would expect to see some further growth.
As can see, we just broke past the 1.618 fib level, before retracing a bit. I expect some sort of consolidation around the neck line area where support will be formed before we lift back up.
Comentário
⋅
Seems like the rounded bottom and the inverse H&S has played true. 1.618 has showed support and we can expect continuation through the upper levels.
Comentário
⋅
Climbing the ladder to the moon. Glad to see 2.618 level was broken, but I am cautiously optimistic that we will flip this level to support.
I would like to see buyers step in to give confirmation on this however, it may be that 2.618 is our local top for now. I would definitely take profits here - as always take what you are comfortable taking, and leave some for further continuation if it is to happen.