I wasn't sure some hours ago when I identified so I waited a bit, now I'm sure. I've indicated the target by rules but who knows....
According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
Comment:
wait for a retest of the neck line, if that doesn't play out then the pattern is invalidated. I think there's too much institutional money flowing into BTC right now and chart pattern, especially at lower time frames, are messed up.
Order cancelled:
the retest didn't go as expected so I think this pattern is officially invalidated