Obviously not confirmed yet but something I'm watching for. Seems to be some pretty good support around 17,000, and volume matches the pattern so far.
Too early to enter a position, and the other exchanges aren't showing this pattern so use caution, but BTC does feel like it's trying to breakout to new ATHs so I can see this happening. Bullish in any case in light of my other Inverse Head & Shoulders idea.
As always, wait for a breakout past the neckline with strong volume.
Will update if it starts panning out!
Too early to enter a position, and the other exchanges aren't showing this pattern so use caution, but BTC does feel like it's trying to breakout to new ATHs so I can see this happening. Bullish in any case in light of my other Inverse Head & Shoulders idea.
As always, wait for a breakout past the neckline with strong volume.
Will update if it starts panning out!
Comment:
Not loving the look of this, but in any case it looks like we just hit the 50% retrace mark, and we've also still got the 15min cloud as support, so it's still possible:
Comment:
feeling a little dumpy, not too confident this is going to play out. For one thing it already dipped below the 50% mark so the pattern looks pretty weak. Not saying it's definitely going to dump either, but I'm going to stand by until I see some other signs.