The inverse H&S pattern is now almost complete on thr 4h chart for Bitcoin.
Congrats to all those who spotted this figure forming right at the head. It was not so easy to spot in advance.
The entire H&S is not exactly harmonic.
I plotted the target price for the exit of the H&S although I honestly don't think we will complete the entire figure by the books. There's a pretty strong resistance around 12k and to hit the target at 15k, Bitcoin will have to increase its value by 30%.
It may be possible but still....
As usual, not a trading advice but merely my opinion.
Congrats to all those who spotted this figure forming right at the head. It was not so easy to spot in advance.
The entire H&S is not exactly harmonic.
I plotted the target price for the exit of the H&S although I honestly don't think we will complete the entire figure by the books. There's a pretty strong resistance around 12k and to hit the target at 15k, Bitcoin will have to increase its value by 30%.
It may be possible but still....
As usual, not a trading advice but merely my opinion.
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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.
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.