Sometimes inverting a chart helps to see patterns more clearly.
I've inverted the BTCUSD daily chart, and the head-and-shoulders pattern becomes more visible.
Does this chart look bearish? Indeed it does, which is bullish for bitcoin.
The neckline is at $12k. A sustained break above this level has a target price of $17k.
It would likely take a month for this pattern to play out, which is around May 1st.
On the downside, we'll want to continue watching the $9k level which is the top of each shoulder.
I've inverted the BTCUSD daily chart, and the head-and-shoulders pattern becomes more visible.
Does this chart look bearish? Indeed it does, which is bullish for bitcoin.
The neckline is at $12k. A sustained break above this level has a target price of $17k.
It would likely take a month for this pattern to play out, which is around May 1st.
On the downside, we'll want to continue watching the $9k level which is the top of each shoulder.
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.
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.