✅Today, I want to analyze BTC for you in a Weekly time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
BTC has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $73500 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Head & Shoulder
➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed.
Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
that inverted HS is in hidden bearish divergence with RSI, MFI and OBV... I'd be very suspicious of it being a real HS. You can also draw a megaphone pattern with continuous lower highs and even lower lows. How price will go, who knows, the market is the market. But I would not bet on that HS, too much risk.
MyCryptoParadise_Nathan
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thats great inverted HnS, its breakout can show us bullish move, only near about 23 days are left halving