BTC - Inverse Head & Shoulders Activated πŸ‘Œ

WHITEBIT:BTCUSDT   Bitcoin / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .

πŸ“‰ As mentioned, for the the pattern to get activated, we need a break above the blue zone / neckline.

This week, BTC broke above the neckline, so now we are expecting a bullish movement till the next resistance around 30,000

πŸ“Œ30,000 is a strong round number, resistance and supply zone . So expect reaction there.

For the bulls to take over from a MACRO perspective, we need a break above 32,000

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL


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