Bitcoin

UPDATE - Possible inverse head and shoulders pattern for BITCOIN

181
This is an update on my previous idea:
Possible inverse head and shoulders pattern for Bitcoin


The last few days have confirmed the formation of an inverse head and shoulders pattern, breaking the downtrend.

The prerequisites for this pattern appear to fall in line:
-Volume is heavier on left shoulder
-Volume a bit lighter on the dip to head trough
-Volume even lighter on the third dip, forming the right shoulder
-Increase in price breaks the neckline, with higher volume

Moved up and made a return move to the neckline. Hopefully followed by new highs.

*Disclaimer: This is not financial advice. This is a very basic TA by a curious newbie in this field.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.