The inverse H&S pattern is now almost complete on thr 4h chart for Bitcoin.
Congrats to all those who spotted this figure forming right at the head. It was not so easy to spot in advance.
The entire H&S is not exactly harmonic.
I plotted the target price for the exit of the H&S although I honestly don't think we will complete the entire figure by the books. There's a pretty strong resistance around 12k and to hit the target at 15k, Bitcoin will have to increase its value by 30%.
It may be possible but still....
As usual, not a trading advice but merely my opinion.
Congrats to all those who spotted this figure forming right at the head. It was not so easy to spot in advance.
The entire H&S is not exactly harmonic.
I plotted the target price for the exit of the H&S although I honestly don't think we will complete the entire figure by the books. There's a pretty strong resistance around 12k and to hit the target at 15k, Bitcoin will have to increase its value by 30%.
It may be possible but still....
As usual, not a trading advice but merely my opinion.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.