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btgraph
Nov 22, 2021 10:18 PM

#Bitcoin Inverse Head and Shoulder possibility, Long Term 79k Long

Bitcoin / United States DollarCoinbase

Description

#Bitcoin possible play-out. Inverse head and shoulder formation might happen and we may test a bit lower if we break 56k around 54k then straight to higher levels unless we enter Accumulation phase once again.
We are still in a bullish channel if you zoom out the charts. Relative Strength Index is nicely cooling off and at present is still pointing at a bit more correction from current levels.
Possible play-out with updated charts.

Comment

Hoping to see this formation playout.
;)
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