Bitcoin / TetherUSBinance
Description
⋅ BTC HEAD AND SHOULDERS RETRACE COMPLETE + BULLISH BREAKOUT
- Price has broken above the trend of Head > Right shoulder peak. This suggests the cycle is complete and a new bull impulse could be coming
- Volume remains low though, so look for other confluences
- The extension of the neckline is likely the hangup here, given that above 11k should be a relatively bullish break as well
The rising channel is also still in play, suggesting that the bulls still control the market.
#crypto