CRV / BTC - Update II: Inverted Head & Shoulders / Triple Bottom
Inverted Head / Shoulders / Triple Bottom confirmed, we broke the neckline for the HSi and for the triple bottom move, and hit both targets 1 and 2.
We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up.
Zoom out to see long term fib levels for potential targets. 58k sats is a good first target if we can confirm a move beyond the green box. Higher is possible 90k sats and beyond.
If we break below the 0.5 fib on the smaller timeframe (that we're now sitting at), we could re-test the dashed yellow line. We need to stay above that line for continuation.
** please see previous related ideas in the links below, thank you for your support, and please DYOR & beware of Bitcoins ability to move and mess up even the most reliable of charts/setups! **
We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up.
Zoom out to see long term fib levels for potential targets. 58k sats is a good first target if we can confirm a move beyond the green box. Higher is possible 90k sats and beyond.
If we break below the 0.5 fib on the smaller timeframe (that we're now sitting at), we could re-test the dashed yellow line. We need to stay above that line for continuation.
** please see previous related ideas in the links below, thank you for your support, and please DYOR & beware of Bitcoins ability to move and mess up even the most reliable of charts/setups! **
Comment:
Broke through target 2 area (the green box), re-tested previous high (pink/purple line) and currently broke back upwards. Continuation is looking good so far, but keep an eye on bitcoin.
Comment:
Broke through mini wedge within larger wedge here, need to break through top of wedge and then get and stay above green area for continuation (still keep an eye on bitcoin, too)
Comment:
updated triangle on current 5 min chart, found wedge pattern - we've been testing the top trying to break through:
Comment:
Correction occured, here's an update, it's a risky buy, but we may move back up from here @ the 0.5 fib (possibly a drop halfway below between 0.5 and 0.382):
Comment:
So far, doing as expected, keep an eye on it here, should move back up soon if it's going to, may touch back down again first:
Comment:
Need to break 39-40k sats for this to occur, but there's potential for yet another inverted head and shoulders pattern on the 15 min chart:
Comment:
Last update was invalidated, we moved further down. We are testing the top of the neckline from the original inverted head and shoulders now, preferably we don't break below it, and we definitely don't want to break much lower than the next fib level down at approx 32k sats. Otherwise, we might go back to bottom.
Comment:
We may have finally found our bottom on this pullback, just above 32k sats, right at the re-test of the neckline (yellow dashed line) that we broke to start the bullish move
