I recently mentioned the possibility of a flash crash followed by a strong move upwards. There is still a possibility that the downside move is not completely finished. Two H&S patterns are potentially developing. A large H&S with a possible spike down to the $20k area and an inverse H&S which would put the next move up in the mid $50k range. Until the end of February BTC will likely be range bound between $40k and $44k with the next move at the end of February or early March being explosive.
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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.