As you can see on this daily chart, we have a pretty solid Inverse Head & Shoulders formation, with a very clear neckline that we're actually testing RIGHT NOW. If we calculate a simple target using the distance from the bottom of the head to the neckline and project it upwards, we get a price of $19K approximately. That's huge.
Also notice that the volume is declining, and in the following prices (upside) the volume on the VPVR is pretty low so it might be easy for bitcoin to be totally volatile. Be careful if you're trading this formation in the short term.
Also notice that the volume is declining, and in the following prices (upside) the volume on the VPVR is pretty low so it might be easy for bitcoin to be totally volatile. Be careful if you're trading this formation in the short term.
