Its funny to see how literally no one is talking about this confirmed inverse Head and shoulders pattern on the macro time frame even though everyone is a technical analysis guru on the internet. This is simply because there are so many sidelines and bears left in this market that are trying to fud it to pull back. If we do a simple measured move the target for the pattern is around 40k. Im not even saying to sell at 40k, i dont think its a good idea to trade at the beginning of a new bull cycle at all. 40k will just be a resistance level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.