BTC may be forming an inverse head and shoulders chart pattern.
Successful completion would lead BTC price to 8,200 - 8500 (top of the Ichimoku cloud).
Inverse H&S may be perceived as an indication of the 'bottom'.
As of now, BTC is still in the bearish zone based on 1D Ichimoku.
However, if we look at Ichimoku 1W, there is a possibility of a big 'pump' coming this or next week.
On the 1W Ichimoku chart, BTC is still in the "bullish zone".
Successful completion would lead BTC price to 8,200 - 8500 (top of the Ichimoku cloud).
Inverse H&S may be perceived as an indication of the 'bottom'.
As of now, BTC is still in the bearish zone based on 1D Ichimoku.
However, if we look at Ichimoku 1W, there is a possibility of a big 'pump' coming this or next week.
On the 1W Ichimoku chart, BTC is still in the "bullish zone".
Trade closed: target reached:
Reached! Thanks!