Bitcoin Inverse Head and Shoulders Forming
BTC is forming an inverse head and shoulders pattern. The pullback has hit the 50% retracement level. It can pull back even further to the 62% level without hurting this uptrend. This would put in a higher shoulder on the right side, which is bullish.
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.