Potential H&S Reversal
This BTC rally has had incredible momentum, and many have been anticipating a price correction that keeps eluding us. I'm keeping my eye on a potential H&S forming at the recent BTC tops. Still waiting for confirmation at the neckline around 30k. If we break below that, I'm looking for a dip to the 24-25k range, where there was decent volume and consolidation in the days leading up to the 25th of Dec.
This would be a healthy correction and a buying opportunity in an overall larger bull trend expected to continue for a couple of years.
This would be a healthy correction and a buying opportunity in an overall larger bull trend expected to continue for a couple of years.
Note
For perspective this hypothetical dip would look pretty nice on the daily chart
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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.