BTC - A reversal signal in the 4hr chart
To extend upon my thesis that we have seen the low of the BTC bear market, I point out that we have seen a strong reversal pattern just complete, that is more obvious in the 4hr chart. Above you will notice the Inverse Head and Shoulders formation has completed around the 25.3K low. It is early days and anything could happen, however, this is also coincident with a 5-wave impulse higher that was followed by a 3-wave correction. Together, I believe, these indicate the trend has reversed.
What do you think? Is it up from here, or is it all just another fake-out?
What do you think? Is it up from here, or is it all just another fake-out?
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