BitcoinShort
Potential H&S Reversal
Updated
This BTC rally has had incredible momentum, and many have been anticipating a price correction that keeps eluding us. I'm keeping my eye on a potential H&S forming at the recent BTC tops. Still waiting for confirmation at the neckline around 30k. If we break below that, I'm looking for a dip to the 24-25k range, where there was decent volume and consolidation in the days leading up to the 25th of Dec.
This would be a healthy correction and a buying opportunity in an overall larger bull trend expected to continue for a couple of years.
This would be a healthy correction and a buying opportunity in an overall larger bull trend expected to continue for a couple of years.
Note
For perspective this hypothetical dip would look pretty nice on the daily chart
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