Bitcoin / TetherUSAggiornato BTC has broken out of the rising wedge pattern.
Here's what you need to know: BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.
*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
Nota
Looks like we have broken way ahead of my projection. More on support analysis to come.
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.