Head & Shoulder on BTC?... $17K target?
We are doing well with the first one - but we still need two more downtrend lines...
$BTC showing strength so far AND it's breaking out from the first down trend line. If confirmed, two more lines to go. That said, we see a risky H&S right now. #Bitcoin
H&S risk on BTC which could lead us to a nice double bottom...
I don't do many of these, but just putting it out there... H&S, which then takes us exactly down to the $5.9k low. *Double bottom*?
All you need is a little bounce up to make people think BTC is back and going back to the moon. It's not. Not yet. Yes, the current daily candle is bullish, but look at the amount of tests ahead. We have the yellow 200 MA right above us. We have the previous resistance before the latest downfall, all at the $8K level. In addition, we are still trapped in the mega...
$BTC Bitcoin, buying the dip in a Matterhorn pattern...