BTC Adam & Eve formation with inverted H&S - $11.5k+ by mid May
BTCUSD has now officially broken out the medium term bear TL and I've charted previously this larger Adam & Eve formation forming for a nice round curving consolidating bottom.
Price movements from here that I see happening (we're currently at $8860)
1. Up to $9000-$9100
2. Down to $7700-$7900 (right shoulder)
3. Up to $9000-$9100 (neckline)
4. Down to $8500-$8700 (small bounce from neckline)
5. Up to $11500-11700k to complete right arm (and beyond)
Good luck with your crypto!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.