Traders,
BTC has formed a bullish inverse H&S pattern. However, during this scandalous bear market, one bull indicator after another has failed. Therefore, I don't place as much value on T.A. as I would during a healthy, unmanipulated, market. This is not that and we have to always be prepared for another "event" like a Tether audit or other.
Regardless, the chart here reflects what I see occurring in either case, bull or bear.
If the inverse H&S neckline is broken to the upside, I expect $18,700 to be tested as resistance.
If the inverse H&S neckline is not broken to the upside, we will probably retest recent lows and remain rangebound.
Should another bearish event occur like a Tether audit, etc., we can fully expect that lowest support
at $15750 to also fail and down we'll go to test our Support Zone (top of long-term green triangle) which would end up being between 10-12k
Best,
Stew
BTC has formed a bullish inverse H&S pattern. However, during this scandalous bear market, one bull indicator after another has failed. Therefore, I don't place as much value on T.A. as I would during a healthy, unmanipulated, market. This is not that and we have to always be prepared for another "event" like a Tether audit or other.
Regardless, the chart here reflects what I see occurring in either case, bull or bear.
If the inverse H&S neckline is broken to the upside, I expect $18,700 to be tested as resistance.
If the inverse H&S neckline is not broken to the upside, we will probably retest recent lows and remain rangebound.
Should another bearish event occur like a Tether audit, etc., we can fully expect that lowest support
at $15750 to also fail and down we'll go to test our Support Zone (top of long-term green triangle) which would end up being between 10-12k
Best,
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.