zoomzet
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Joined Jan 26, 2018
bitcoin
bitcoinforecast
bitcoinprediction
chartpattern
halvening
halving
trendanalysis
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marketcycles
movingaverage
pricebreakout
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trendfollowing
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We may have a big inverse Head and Shoulders in formation right now. If the teal trendline gets retested and it holds it can be the spark for a breakout to the previous high from June 2019. It fits very well with the upcoming bitcoin halvening so this bullish narrative can be in play.
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Although the general feeling is pretty bearish these days, this setup may work this way. We may be at the end of a bigger ABCDE correction which usually ends with a bullish break-up. If we take an equal measure and projected at break-up point it would align perfectly with 382 fib level, which would be my target too. PS: That's my first published idea, so be...
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