We have an inverse head and shoulders pattern with a breakout to the up side. It is over the 4H period.
*Risk movement*
Pattern may dig back below the neck line but it would be a head fake.
""IMPORTANT: wait for the confirmation and retest of new 60k support or for a 1D candle to close above the new support.""
RSI is showing increased buying.
1D MACD is showing very bullish momentum.
-- Fundamentals--
9 Investments funds are now applying for Bitcoin ETF , including all the major US investment banks.
Happy Bull Market come Alts season.
Please like, comment and follow.
*Risk movement*
Pattern may dig back below the neck line but it would be a head fake.
""IMPORTANT: wait for the confirmation and retest of new 60k support or for a 1D candle to close above the new support.""
RSI is showing increased buying.
1D MACD is showing very bullish momentum.
-- Fundamentals--
9 Investments funds are now applying for Bitcoin ETF , including all the major US investment banks.
Happy Bull Market come Alts season.
Please like, comment and follow.
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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.
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.