from a technical point of view, it seems that bitcoin is building a perfect bullish head and shoulders pattern. also the volumes at the shoulders and the head confirm the pattern. now we have to wait for a significant increase in volumes that will serve to break the neckline and close above it.
i used the weekly timeframe because on instruments like cryptocurrencies i consider it the most reliable of all. normally the daily one is used.
in this case we will see the break of the neckline, close above the neckline and increasing volumes. then we could expect a pullback to test the neckline and then expect the rise towards the three profit points found with the fibonacci retracement.
we will update you.
i used the weekly timeframe because on instruments like cryptocurrencies i consider it the most reliable of all. normally the daily one is used.
in this case we will see the break of the neckline, close above the neckline and increasing volumes. then we could expect a pullback to test the neckline and then expect the rise towards the three profit points found with the fibonacci retracement.
we will update you.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.