People seem to love H&S patterns, but from what I've seen in crypto they rarely play out. I don't expect it to happen, but if the price breaks the neckline I will be watching for buy opportunities (usually after I see a good wick in the 1 or 4 hour candle).
Couldn't help but notice the similarities, we'll see if and for how long history likes to repeat itself.
Personally (wishful thinking alert), I think we'll trade inside the orange box for a few days and shoot up from there. First target would be around 230$ (depending on ZEC/ BTC ) before facing some good resistance.
If this idea is not completely wrong, I'll...
(I'm mostly publishing this idea for myself.)
The bottom channel line was drawn about a week before the price actually rebounded on it, it's just a parallel to the top line.
BTC has gotten a lot of very bullish news lately (Tesla, Fidelity ETF, etc), but is in my opinion held down by the futures expiry happening one day from now.
Coincidentally (or maybe not),...