Hi, I was just looking at BTC, and what will be it's next move now that we have broken two big trendlines in one move as I was hoping. :) I expect the upward trendline we broke is strong enough to serve as support for this run up we've been seeing the last weeks, and we will continue to to follow that uptrend into May untill we retest the $10.000 (or $10.200 to really confirm the break trough). This is my optimistic expectation, which I think is a little more likely because the confidence really seems to be returning now we broke those two major trendlines.
But I also spotted something that could be viewed as a left shoulder and head in an inverse head and shoulder pattern. So in case BTC retraces a bit after the run up from the last weeks, it might fall in this inverse head and shoulders pattern I drew, which when finished could shoot us up to 10/12k prices again. The downtrend we've been trying to break for so long now will then serve as a support together with the horizontal 7785 support line, and from there we'll shoot up. This little less optimistic, but still optimistic scenario is less likely imo but I just wanted to look for a likely option if we do break down from this uptrend.
*This is not investment advice, I'm just training my TA skills.
But I also spotted something that could be viewed as a left shoulder and head in an inverse head and shoulder pattern. So in case BTC retraces a bit after the run up from the last weeks, it might fall in this inverse head and shoulders pattern I drew, which when finished could shoot us up to 10/12k prices again. The downtrend we've been trying to break for so long now will then serve as a support together with the horizontal 7785 support line, and from there we'll shoot up. This little less optimistic, but still optimistic scenario is less likely imo but I just wanted to look for a likely option if we do break down from this uptrend.
*This is not investment advice, I'm just training my TA skills.