BTC Inverted Head and Shoulders?
We are in a tight bear channel now inside the huge one we all know.
Based on the chart idea, next days bounce around 9k should occur to hit some weeks later 14k mark.
Based on the chart idea, next days bounce around 9k should occur to hit some weeks later 14k mark.
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BTC keeps going down. For a moment we left the tight descendant channel due to a mini bull trap that found strong resistance at 10.500$. Seems like the bears are in charge now. 8900-9400$ seems like a possible target-area to buy.
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We have reached blue line 9321usd of the chart. Bounce reaction isnt big enough to allow us to say that we are heading for the Inverted Head and Shoulders. We should continue waiting in fiat because BTC will drop a bit more. Target is 9k. If it goes below 9k, keep hodling to fiat and buy as low as possible when you feel BTC has strong bounce reaction.Order cancelled
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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.