BTC Bottomed? This reversal pattern could indicate so
Hi All
There is a very clear Inverse Head and Shoulders pattern forming on the 1 day.
The inverse H&S pattern is commonly associated with a reversal in trend. If this is the case then BTC may have already bottomed out.
To confirm there needs to be a clear break above the neck line followed by a retest of the previous resistance.
I would also expect to see a surge in volume when the neck line is broken.
Good luck
Blockbullder
There is a very clear Inverse Head and Shoulders pattern forming on the 1 day.
The inverse H&S pattern is commonly associated with a reversal in trend. If this is the case then BTC may have already bottomed out.
To confirm there needs to be a clear break above the neck line followed by a retest of the previous resistance.
I would also expect to see a surge in volume when the neck line is broken.
Good luck
Blockbullder