On bitcoin’s 1h chart we can see that there’s a big inverse head and shoulders pattern(Blue lines) .
If we disregard the “w”breakout(white lines), we can get another small inverse head and shoulders pattern(Yellow lines).
I’m personally waiting for a breakout of the neckline. The target price is all $16000+. Fake outs may happen, When doing breakout trades, please set stop loss to manage risk.
If we disregard the “w”breakout(white lines), we can get another small inverse head and shoulders pattern(Yellow lines).
I’m personally waiting for a breakout of the neckline. The target price is all $16000+. Fake outs may happen, When doing breakout trades, please set stop loss to manage risk.
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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.