Get started
lrs1995

Possible Inverted Head and Shoulders Forming on Bitcoin!

Bitcoin (BITFINEX:BTCUSD)  
lrs1995  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT Bitcoin (Cryptocurrency) bitcoinforecast BTC
3
0
trendanalysis chartpattern indicator btcusd btcusdt bitcoin bitcoinforecast btc
BTC is showing a possible IHS setup.
We got rejected down at the major trendline resistance drawn from the ATH.
The right shoulder is currently forming still we would need a breakout after the forming the right shoulder with high volume to support the start of BTC Bull RUN.
Till then BTC is still in bearish trend
A failure of breakout could lead to bearish scenario at 4-5k.

Related Ideas

lrs1995
BTC under minor correction down to 9600-9800 range!
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.