BTC: $15 500 MID APRIL ? Inverse Head and Shoulders INCEPTION !
As you can see there could be an inverse H&S pattern forming inside a big one,
The price target for the small inverse H&S is exactly the same as the neckline of the big one !
If these do indeed form, we will be at 15,5k by mid April.
We can only hope, but fundamentally BTC is doing great.
Keep on keeping on, see you lambo rambo :)
The price target for the small inverse H&S is exactly the same as the neckline of the big one !
If these do indeed form, we will be at 15,5k by mid April.
We can only hope, but fundamentally BTC is doing great.
Keep on keeping on, see you lambo rambo :)
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Please ignore purple trend line, had to move to log to get the full view and it moved my trend line :(
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Correct trend line
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We are currently being supported by an ascending triangle, this will help us break through the purple downtrend line.
We will then see the 3rd Elliot wave take us to $9600 to complete the head of small inverted H&S. The larger one is much less likley to form but will be INCREDIBLE if it does. It will help us through the $11 500 resistance that we have struggled with in the past.
We are currently being supported by an ascending triangle, this will help us break through the purple downtrend line.
We will then see the 3rd Elliot wave take us to $9600 to complete the head of small inverted H&S. The larger one is much less likley to form but will be INCREDIBLE if it does. It will help us through the $11 500 resistance that we have struggled with in the past.