BTC broke out of a Pennant to the upside, then consolidation. A formation of H&Ss pattern in the works it seems. If the H&Ss play out we could see a rise to 60k.
Not financial advice, just an observation.
Trade active
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Pennant target achieved at $57500, now let's see if the inverted H&Ss target of 60400 we could hit too, or maybe consolidation and alt season again!
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Second target reached from the inverted Head and Shoulders pattern, onto the third target mid 70000s(73332) from a cub and handle pattern:
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News from India derailed our outlook, good support areas 53k, and 48k. Maybe a good time for discounted crypto!Remember this is not financial advice, just observations.
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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.