BitcoinLong
Looks like a textbook Inverse Head and Shoulders
Although BTC looks mostly bearish we are seeing some textbook signs of painting possible inverse head and shoulders reversal that can be seen 6 hr -1 day
If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength.
Then to a break of $11800 which is also my #34 point on my grand fibonacci applied to the entire trend.
This would also line up with the 1 Day cloud twist around March 6th for an attempted breakout
Buyers should step in near $9500 to hold the trend
If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength.
Then to a break of $11800 which is also my #34 point on my grand fibonacci applied to the entire trend.
This would also line up with the 1 Day cloud twist around March 6th for an attempted breakout
Buyers should step in near $9500 to hold the trend
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.