Bitcoin Inverse H&S with target $4950
Bitcoin is forming inverse H&S with a depth of about 825 from neckline to head.
The breakout of such formation can lead it to around 4950ish area.
We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.
Good luck out there.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
The breakout of such formation can lead it to around 4950ish area.
We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.
Good luck out there.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Trade active
3909.89Trade active
Second entry 3840.31Trade active
3rd entry 3831.33. One to go.Trade active
3850.87Trade closed manually
Took profit. iH&S pattern not intact anymore.
Note
Oh boy. This was spot on.
Disclaimer
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