BITCOIN (#BTC): Bullish signs? H&S vs Ascending Triangle
pattern is usually reversal pattern. In that case, could be considered as sign. But in past, Bitcoin broken this rule several times. For me, it is 50/50.
In terms of current price action, Bitcoin has a good chance to get through the top of the . In spite of , Bitcoin followed well in past.
This is my short-term outlook with 1st profit target at around $10 500. If I am very optimistic, we could go to $11 500. Before this happens, Bitcoin must pass through resistance levels above.
If I look on higher TFs, I stay calm. Bitcoin seems to me more than . I expect, the overall downward trend to continue. But that is another story.
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