BitcoinUpdated inverse head and shoulders on BTC
Being a long term believe in BTC i am sad to share this chart. But there is light at the end of the tunnel if the pattern completes. Ive heard some people joke about $480. Capitulation. And such. But lately i have started to accept it more and more that it could become a reality. Now i was even able to make a somewhat realistic chart, that it could play out. Anyway, its nice to consider all things, and i will come back to this chart every now and then to see if the head will complete. Have a nice day.
Note
Ok it looks like the head is not going to form. i am looking for consolidation around these levels and possibly a upward trend, until a big breakout up in a few days.
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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.