Cotton Candy Inverse head and shoulders on weekly btc chart
Updated
This is probably more valid on a 3 day chart or so but still valid on a weekly chart as well. We currently have 1 daily candle poking its ahead above this downward slanted bubble gum neckline. I’d say if we can close 2 consecutive 3day candles above the neckline it should validate the breakout. For now the breakout is not confirmed, but if it confirms here the breakout target will be 26.9k *not financial advice*
Comment
Todays candle has taking a 180 turn and is now lookin like a bull trap. Hopefully it can close green instead of red otherwise if we confirm the breakout fakeout this could lead to a big rejection.Disclaimer
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