Looking at BTC chart, this is the new view I developped all day today.
Inverse H&S should bring us to 57.8k again then small drop forming a handle then moon to 79k.
There is a possibility that I H&S fails. For that case, I put SL at 46.3k and would rebuy under at better price. This price would be at former big resistance at 40.9k to make it strong support. Then moon to 79k.
My target for completion of the trade is March 28th.
Moon 🌝 is inevitable in my view.
Trading is adaptation. Be water.
Comment
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Adjusted chart, makes more sens like that. 80k in March.
Three collisions are needed to form a triangle on each side
The_Father_of_Crypto
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@felard, A triangle can be drawn once two swing highs and two swing lows can be connected with a trendline. Since the price may move up and down in a triangle pattern several times, traders often wait for the price to form three swing highs or lows before drawing the trendlines.
Cococrisp04
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Wow great work today! Don’t listen to the Bitcoin haters they just don’t like change.