Bitcoin Inverse Head & Shoulders Pattern

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Can we say that this is the most famous chart pattern of all?

We have the a complete inverse head & shoulders pattern (iH&S), what is left now is the final breakout.

This is a bullish pattern of course and the indicators support it.

The current candle closes in less than 1 hour and ideally we want to see it close above EMA100 ($39500) or higher if possible.

Even a close lower is still good if it happens above $38670 or EMA10.

It can just continue ranging though since prices remain below MA200.

Thank you for reading.

Namaste.

P.S. Looks like eBay is getting into crypto so this is good news.

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تعليق

Looks like it is going straight up...

Thanks for all the kind comments and support, it is truly appreciated.