Potential H&S Reversal
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.