Inverse Head and Shoulder still possible
Updated
Last week we went down again, but the downward moved stopped at the levels of the right shoulder and now we are going up again. So the inverse H&S could play out.
The level between 6.7 and 6.8k must be watched carefully.
What do you think? Leave me a comment.
Trade at your own risk.
Trade wisely.
The level between 6.7 and 6.8k must be watched carefully.
- If we fail to break through that level we go down again, and probably to new lows.
- If not, we get a nice rally to the top of the downtrending channel.
What do you think? Leave me a comment.
Trade at your own risk.
Trade wisely.
Note
BTC broke out with huge volume!We soon reach the target level. So a pullback will come.
The 6.8k level becomes support now and must hold to confirm the bulish movement of BTC.
Note
BTC is right below the target levels. I expect a pullback to 7.1k or even 6.8k.
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