BTC/USD seems to be forming a head and shoulder pattern on the 1hr chart. If this Pattern forms and we see it breaking out of the $33,400 neckline we can see a move of approx. 13% to a about $37,400 to $38,100 in the next day or 2.
<<<This is not Financial advice, please do your own research>>>>
<<<This is not Financial advice, please do your own research>>>>
Note
Note
BTC has broken above the down trend line, Could be a possible fake out .. wait for the retest of the down trendline before going long.
Note
Volume is very low for a break of the uptrend line. Could this be a possible fake out??
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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.