BTC Potentially Bottomed
Updated
Apparently, BTC respects the formation of H&S as highlighted in the previous published idea ( tradingview.com/chart/BTCUSD/T1AfVj5e-BTC-Bearish)
Currently, BTC is forming inversed H&S, if the formation completed successfully and we saw a break above the neck line (scenario 1) I believe that BTC will turn bullish and Bulls will gain control again
In case the formation didn't complete and we saw a break below, I believe that scenario 2 will be valid which confluences with the published idea I referred to above
and as always, this is not a financial advise and I am not a financial advisor
Currently, BTC is forming inversed H&S, if the formation completed successfully and we saw a break above the neck line (scenario 1) I believe that BTC will turn bullish and Bulls will gain control again
In case the formation didn't complete and we saw a break below, I believe that scenario 2 will be valid which confluences with the published idea I referred to above
and as always, this is not a financial advise and I am not a financial advisor
Note
Scenario 1 is invalidated nowNote
A break below the 36K will most probably take up to 34K-32K.another point to consider is the gaps formed on the CME, we have 2 gaps at 42K and 32K, the pump managed to partially fill the gap on the 42K but the 32K is still to be filled, please remember that most gaps are filled sooner or later (historically speaking)
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