Bitcoin is forming inverse H&S with a depth of about 825 from neckline to head.
The breakout of such formation can lead it to around 4950ish area.
We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.
Good luck out there.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
The breakout of such formation can lead it to around 4950ish area.
We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.
Good luck out there.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Trade active:
3909.89
Trade active:
Second entry 3840.31
Trade active:
3rd entry 3831.33. One to go.
Trade active:
3850.87
Trade closed manually:
Took profit.
iH&S pattern not intact anymore.
iH&S pattern not intact anymore.
Comment:
Oh boy. This was spot on.