BTC: POSSIBLE SCENARIO! BULLISH!!
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Welcome to this quick BTC update.
BTC is forming an inverted head and shoulder-like pattern here which is generally a bullish pattern. Currently, it is in the process of forming the right shoulder and the important support here is $19,800-$20,200 level. I'm expecting a bounce from this zone.
Once BTC breaks the neckline of this inverted head and shoulder we can target for 26k-
27K level from here.
Invalidation level:- If it breaks and closes below 19.7k support then this inverted head and shoulder pattern becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update.
BTC is forming an inverted head and shoulder-like pattern here which is generally a bullish pattern. Currently, it is in the process of forming the right shoulder and the important support here is $19,800-$20,200 level. I'm expecting a bounce from this zone.
Once BTC breaks the neckline of this inverted head and shoulder we can target for 26k-
27K level from here. Invalidation level:- If it breaks and closes below 19.7k support then this inverted head and shoulder pattern becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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