ON THE BTC:USD 1 hour chart, we have a potential Head and Shoulders Bottom Reversal.
Bitcoin needs to complete the right shoulder, and not dip below $7900 in order to avoid negating the pattern. A downward sloping neckline signifies a weak breakout, if there is one. Volume will be necessary to avoid a rejection at the neckline.
sources: stockcharts.com...school/doku.php?id=chart_s...
Bitcoin needs to complete the right shoulder, and not dip below $7900 in order to avoid negating the pattern. A downward sloping neckline signifies a weak breakout, if there is one. Volume will be necessary to avoid a rejection at the neckline.
sources: stockcharts.com...school/doku.php?id=chart_s...