Bitcoin H&S formation
Good day fine people! What an incredible week so far, I hope everyone has been riding this wave up! Let's jump to this analysis. On the hourly chart BTC seems to be forming a head & shoulder pattern. At the moment I am awaiting further confirmation by the right should being completed. This could lead into a correction which is long over do for. It looks like the .618 fib level that I've outline is cause downward pressure. However, the daily chart is showing a bull flag forming so this could be a consolidation area between $6900 and $7600. I believe BTC will continue moving sideways within this range into the new week.
I am long with a target of 10k within the next two weeks.
Will the honey badger prevail?! Stay tuned!
*This is not investment advice. This is purely for educational and entertainment purposes. Do your own due diligence.
Awareness618
I am long with a target of 10k within the next two weeks.
Will the honey badger prevail?! Stay tuned!
*This is not investment advice. This is purely for educational and entertainment purposes. Do your own due diligence.
Awareness618
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