BTC loves this pattern
I believe we might form an inverted head and shoulders, I've tried to draw it here on the daily. (It's rough) but hopefully you get the idea...
In a nutshell, we'll have a small correction (hopefully) holding support at around the level of the left shoulder. "58k ish" give or take... Then continue up after a couple bounces off support. The small correction should take place in the next couple of days. If we break below support, it's a free fall "doom and gloom" way down into no man's land.
I'm still bullish personally, I think with inflation and everything retail investment is only going to rise ultimately. Best of luck fellow traders. 💯
In a nutshell, we'll have a small correction (hopefully) holding support at around the level of the left shoulder. "58k ish" give or take... Then continue up after a couple bounces off support. The small correction should take place in the next couple of days. If we break below support, it's a free fall "doom and gloom" way down into no man's land.
I'm still bullish personally, I think with inflation and everything retail investment is only going to rise ultimately. Best of luck fellow traders. 💯
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.