BitcoinLong
BTC - H&S, ABC, Breakout
Well, BTC sure has given us a chart full of famous patterns lately. We had a head & shoulders on June 26-27, followed by an A-B-C correction from June 27 to today. Notice how points A and C of the correction stopped at key support levels (yellow), which indicates an orderly consolidation that was well-founded in the technicals. In other words, it wasn't just simple madness. It followed solid structure.
Now we seem to have broken-out of the correction, and seem to be heading back up. Let's hope it keeps going.
Now we seem to have broken-out of the correction, and seem to be heading back up. Let's hope it keeps going.
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