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BTCUSD 1D |Reverse Head and Shoulders And possible bullish trend

By loog12us
snapshot

Btc has formed full reverse Head and Shoulders Pattern on 1D time frame and with 4 hours chart higher lows it seems there is bullish bias for breakout.

Insuch case first target is 4800 4900 as confluence of H&S breakout projection , daily S/R level plus 0.50% Fibonacci retracement.
Entry is recommended only after breakout is confirmed with some strong green candles.

incase the breakout and inverse H&S fails we will find support at 3000 again , and bears may continue towards south after a short bounce.
BTCUSDChart PatternsTechnical IndicatorskrakenTrend Analysis
loog12us

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