Spot 
BTC shows a beautiful, forming an almost perfect, inverse head & shoulder pattern.
This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity.
However, IMO don't think #BTC will form it completely.
Why?
IMO unless something crazy happens don't see #bitcoin going sub $40k or even $50k.
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FuturesBTC is also forming the Inverse Head & Shoulder pattern.
Spot & Futures are holding the GREEN moving avg line.
#Bitcoin is still within the 3-6 month consolidation phase but it is getting close to resolving it.
Small dotted lines are SMALL trends inside the #BTC LARGE trend.
BTC shows a beautiful, forming an almost perfect, inverse head & shoulder pattern.This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity.
However, IMO don't think #BTC will form it completely.
Why?
IMO unless something crazy happens don't see #bitcoin going sub $40k or even $50k.
-----------------------------------
Futures
BTC is also forming the Inverse Head & Shoulder pattern.Spot & Futures are holding the GREEN moving avg line.
#Bitcoin is still within the 3-6 month consolidation phase but it is getting close to resolving it.
Small dotted lines are SMALL trends inside the #BTC LARGE trend.
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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.