As seen on the chart, BTC is well on its way of forming an inverse head & shoulders pattern. This pattern is classically a bullish reversal pattern, so we're looking for more upside potential.
Targets placed at recent tops, blue.
Wait for a confirmed break out through the neckline before considering a trade entry.
Targets placed at recent tops, blue.
Wait for a confirmed break out through the neckline before considering a trade entry.
Comment:
BTC wen down, as long as long as the price will stay above the right shoulder's low it's still a valid pattern.
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