Since January 4, when BTC first rose out of its bear pennant breakdown on the daily - we have been moving towards forming a neckline and completing the head of an Inverted Head and Shoulders.
There is confluence at both levels shown (Top green to bottom green, Top purple to bottom purple) - However I prefer the 29,950 level as the pattern would take BTC to 12,000 - a major support that has a high interest in price returning to.
Keep your eyes on this move - we are showing a set up for a major liquidity sweep of the low zones
There is confluence at both levels shown (Top green to bottom green, Top purple to bottom purple) - However I prefer the 29,950 level as the pattern would take BTC to 12,000 - a major support that has a high interest in price returning to.
Keep your eyes on this move - we are showing a set up for a major liquidity sweep of the low zones