We are seeing a retest of the previous inverse head and shoulder pattern neckline.
A strong bounce would confirm the validity of the neckline support, also BTC.D is acting strong.
This could be a combination of a concentration of money into the Bitcoin and an effect of the upcoming halving event.
A great risk reward trade has presented itself and this might be the trade of the year.
A strong bounce would confirm the validity of the neckline support, also BTC.D is acting strong.
This could be a combination of a concentration of money into the Bitcoin and an effect of the upcoming halving event.
A great risk reward trade has presented itself and this might be the trade of the year.
Trade closed: target reached