BitcoinLong
Inverse head and shoulders
An inverse head and shoulder pattern is almost complete. If followed through, we could be looking at a target of around 18k. The volume profile is messy, though each major movement does have a decreasing volume trend.
Also shown are two fib retracements. One from all time high in mid December through the big dipper ending in the beginning of February. The second is a retracement is of the the right shoulder's high to low, and we can see price stepping up those levels.
It could also just go the other way ¯\_( $ )_/¯.
Also shown are two fib retracements. One from all time high in mid December through the big dipper ending in the beginning of February. The second is a retracement is of the the right shoulder's high to low, and we can see price stepping up those levels.
It could also just go the other way ¯\_( $ )_/¯.
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