COSBTC - Breaking out of inverse H&S neck line

10 mars 2021

COS BTC pair has recently formed an inverse H&S and has recently broken past the neck line.

This is a very bullish level and as long as we hold above this neck line, i would expect to see some further growth.

As can see, we just broke past the 1.618 fib level, before retracing a bit. I expect some sort of consolidation around the neck line area where support will be formed before we lift back up.

19 mars 2021

Note

Seems like the rounded bottom and the inverse H&S has played true. 1.618 has showed support and we can expect continuation through the upper levels.

6 avr. 2021

Note

Climbing the ladder to the moon. Glad to see 2.618 level was broken, but I am cautiously optimistic that we will flip this level to support.

I would like to see buyers step in to give confirmation on this however, it may be that 2.618 is our local top for now. I would definitely take profits here - as always take what you are comfortable taking, and leave some for further continuation if it is to happen.