Probable Bottom Formation for BTC
Updated
I know its too early for this but volume profile and RSI fits this narrative.
This is just a guide for future reference.
A probable inverse head and shoulders on the daily Time Frame.
We are going 4500 the 3800 to breach 5k all the way to 5500.
Altcoin Market Cap and Total Market Cap is showing similar bottom formation.
Altcoin market cap just broke out of a year long falling wedge formation as a result of the recent 8 days rally.
What you guys think?
Not a financial advise
This is just a guide for future reference.
A probable inverse head and shoulders on the daily Time Frame.
We are going 4500 the 3800 to breach 5k all the way to 5500.
Altcoin Market Cap and Total Market Cap is showing similar bottom formation.
Altcoin market cap just broke out of a year long falling wedge formation as a result of the recent 8 days rally.
What you guys think?
Not a financial advise
Comment
Almost there, correction is becoming more evident with the short term bearish signal.Comment
Neckline reached, a hidden bearish divergence in play as expected. We expect a minor correction to form the right shoulder of the pattern.
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