BTCUSDT Inverse head and shoulder
Updated
Btcusdt 4 hour analysis:
As you can see btc is making inverse head and shoulder in 4hr timeframe. Current minor support is 56k and strong support is 52k.
Wait for confirm breakout then take entries for 63k$.
Close below 56k$ will invalidate this pattern so trade with risk management.
This analysis is not for any kind of financial advise so do your own research before taking any entries. If you like my work then kindly do follow for further updates and analysis.
Warmly regards
Furqan.
As you can see btc is making inverse head and shoulder in 4hr timeframe. Current minor support is 56k and strong support is 52k.
Wait for confirm breakout then take entries for 63k$.
Close below 56k$ will invalidate this pattern so trade with risk management.
This analysis is not for any kind of financial advise so do your own research before taking any entries. If you like my work then kindly do follow for further updates and analysis.
Warmly regards
Furqan.
Trade closed: stop reached
Structure invalidated.
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