Here is the next inverted scallop. Target on this one is 49k.
Keep in mind that at some point a valid pattern like this will print and we will not make the target. At that point I expect BTC to continue on and also make a local top pattern then begin consolidation.
Failure to make a local target does not mean the pattern was invalid somehow, it is just another sign of a reversal happening.
Keep in mind that at some point a valid pattern like this will print and we will not make the target. At that point I expect BTC to continue on and also make a local top pattern then begin consolidation.
Failure to make a local target does not mean the pattern was invalid somehow, it is just another sign of a reversal happening.