Inverse Head and Shoulders with a $35k target
Updated
Keep a close eye on the Bitcoin chart right now. We had a pretty big drop but seem to be forming an inverse head and shoulders. If this breaks we'll probably get a temporary recovery rally.
Note
Looks like the head and shoulder did break up, technical target is 35K! Not seeing huge volume or follow through but the price is steadily heading up. I am currently in a long and have a stop loss just below 32k at the moment. My take profit is a bit conservative at $34650. Let's see what happens!
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.