Updated

Inverse head and shoulder target on bitcoin = 47700

Almost to the full breakout target of this inverse head and shoulder pattern I posted awhile back. If you view this same pattern on the logarithmic chart it gives you a much higher target around 64-65k but I think the linear chart’s lower target shown here has much higher probability of being reached. Eventually the other target will get reached but we will probably see a sizable correction before that full target is achieved imo. *not financial advice*

Note

A retest of the neckline before reaching the full target wouldnt surprise me.

Note

Inching closer to the breakout target, a retest of the neckline has grown less and less probable to occur before it hits the full target, though still a possibility.

Note

Target hit on Jan 11th.

DrDovetail

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DrDovetail