Can Bitcoin Recover More? Inverse H&S?
Yesterday I posted a bearish Gartley idea but sadly we went beyond the D wave, there is still a harmonic in play but I unless we see more upside, I won't go back there for now.
At the moment on the very low time frames, we could be making a potential inverse head and shoulders that could take us back to the $11,200 levels if it plays out. We need symmetrical shoulder widths for it to be valid. I'm fine with the head and shoulders patterns leaning, providing the bullish ones have an downward sloping neckline and the bearish regular head and shoulders slope upward.
Won't be long before we see if this one plays out.
At the moment on the very low time frames, we could be making a potential inverse head and shoulders that could take us back to the $11,200 levels if it plays out. We need symmetrical shoulder widths for it to be valid. I'm fine with the head and shoulders patterns leaning, providing the bullish ones have an downward sloping neckline and the bearish regular head and shoulders slope upward.
Won't be long before we see if this one plays out.
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