BTCUSD is creating Inverse Head & Shoulder on lower time frames

29 May 2021

Short-term Analysis

we have two good sing for local rise in this bear market now
1.broken trendline in 1H time frame
2.this pattern that is forming and is strong reversal pattern

Targets and ... mentioned if resistance of 40K break that it can then red lines are important resistance ahead.

Notice :breakout is needed in 1H then this pattern is valid else 30K support zone other supports will provide rise

DISCLAIMER: ((trade based on your own decision ))
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29 May 2021

Not

better view:

30 May 2021

Not

pattern not complete we need breaking neckline and we do not receive conformation bur for now retest of broken trendline completed and this is good sign:



and you can take look at daily chart for better view