I am expecting BTC to follow the pathway I have drawn which will ultimately end up making an Inverse Head & Shoulders pattern. BTC Has made a higher high on the 4H chart and is most likely in an upward trend now.
The entry is expected to be right above support (Blue Box).
Take profit is around $42000 based on the Fibonacci tool.
Stop loss will be below the previous high.
The entry is expected to be right above support (Blue Box).
Take profit is around $42000 based on the Fibonacci tool.
Stop loss will be below the previous high.
Comment:
Correction: Stop loss is below the previous low***