There appears to be an IH&S pattern forming inside of the larger IH&S's right shoulder (see my previous post for the larger one). I've seen this happen a few times and then a break out upwards! Results may vary of course lol.
If it drops from here support could be at around $102k and then $100,500.
If it drops from here support could be at around $102k and then $100,500.
Trade active
Bitcoin broke out of the pale blue neck line then fell back below it but found immedate support and traded sideways for a few days. Just before the weekly candle closed it regained momentum above the neckline. Next is a test of the larger IH&S pattern's neckline at $112,500. Party time if it breaks past that.
Disclaimer
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.
Disclaimer
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.