BTCUSD Bullish scenario
The grindy upside move is a bit of a concern to me. I lean towards bullish but not fully. There will be spills, as one would expect. And the degree of these spills, how price action respects the Key Levels of Significance (the previous inverted HVF funnels, marked Red, Greed, Orange) is likely to be a telltale.
A minor inverted H&S is already embedded in. A larger one would be very welcome with a potential neckline circa $9400. Which could lead to its move up targeting circa $12500, with corrections.
A minor inverted H&S is already embedded in. A larger one would be very welcome with a potential neckline circa $9400. Which could lead to its move up targeting circa $12500, with corrections.
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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.