Bitcoin Inverse H&S with target $4950

Bitcoin is forming inverse H&S with a depth of about 825 from neckline to head.
The breakout of such formation can lead it to around 4950ish area.

We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.

Good luck out there.

Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.

İşlem aktif:

3909.89

İşlem aktif:

Second entry 3840.31

İşlem aktif:

3rd entry 3831.33. One to go.

İşlem aktif:

3850.87

İşlem elle kapatılmış:

Took profit.
iH&S pattern not intact anymore.

Yorum:

Oh boy. This was spot on.