BTCUSD: Head and Shoulder ?!
Updated
Hello traders, keeping it quick and simple, here's a 4H Time-Frame chart of BTC:USD ( Coinbase ), as you can see we been moving between two support and resistance regions marked with blue rectangles, for the last few days and we had a multiple attempts to break through the upside trend-line, but then a fake breakout to the downside happened and immediately reversed back upside, looking closely we can notice that an inverse head and shoulder pattern is slowly unfolding, which could take us to $6000 region.
Important to note: the pattern is still unfolding and could fail. That said, combined with bullish fundamentals, and positive press, my leaning is still upwards.
Important to note: the pattern is still unfolding and could fail. That said, combined with bullish fundamentals, and positive press, my leaning is still upwards.
Note
If price breaks below $5670 it will invalidate the pattern, and it will move lower
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