BItcoin inverse head and shoulders bottom pattern
It looks like this current dip could be setting up the right shoulder on an almost 1 year long inverse head and shoulders setup. This is a classic market bottom and reversal pattern. The target out of this pattern, should it complete, is around 34k.
There is weekly and daily moving average support as well as fib support levels as low as the 20k level. I would love such for a revisit to these levels as it sets up the right shoulder, before heading up again to the neckline at 25k.
There is weekly and daily moving average support as well as fib support levels as low as the 20k level. I would love such for a revisit to these levels as it sets up the right shoulder, before heading up again to the neckline at 25k.
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