BTCUSD Massive Inverted H&S Just Happened
Updated
Its important to study what happened so we know what to look for in the future and we know where we are at now. You can see a near textbook Inverted H&S pattern with some slightly off characteristics but nothing is ever perfect. This at least tells us that we are at the beginning of a new cycle and we should be looking at coming price movements that have followed Inverted H&S movements in the past of BTC.
Linked below you can see some of the patterns that formed while this was taking place so we know what to look for when this happens again.
Linked below you can see some of the patterns that formed while this was taking place so we know what to look for when this happens again.
Note
I think we test 7800 from here. From the tip of the head to the neckline it's $1070, so we should see a push up that matches that to 7780, which is also where the next resistance target is.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.