BTC Inverse Head & Shoulders,Overview and possible price paths
Although BTC can seem fairly hard to read right now I am thinking we are leaning towards a dump off because of the following factors:
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of resistance which could of been to fill short orders)
-Stocastic possibly forming wedge pattern and next move would be down
Notice the most recent high we have come under the 0.618 (right chart), until we close above this I don't see the IH&S having any chance of playig out.
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of resistance which could of been to fill short orders)
-Stocastic possibly forming wedge pattern and next move would be down
Notice the most recent high we have come under the 0.618 (right chart), until we close above this I don't see the IH&S having any chance of playig out.
Trade fermée: cible de profit atteinte
This call played out nicely
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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.