Road to $50K Bitcoin - Inverse Head & Shoulders
Bitcoin is due for upward movement according to the DMI & RSI levels, although still currently neutral.
My current thoughts & expectations are expressed within this chart precisely.
I'm expecting Bitcoin to Double Bottom, then we will see a leg up resulting in approximately $10,300, which would then result in a higher low finishing the right shoulder on the Inverse Head & Shoulders pattern, after this period I would be expecting a test of $13,000 which would point to the origination of the Inverse Head & Shoulders pattern given from the start of the left shoulder.
These movements are primarily contingent on Bitcoin reaching the initial target of $10,300 to further validate this analysis.
This is not financial advice, trade at your own risk.
My current thoughts & expectations are expressed within this chart precisely.
I'm expecting Bitcoin to Double Bottom, then we will see a leg up resulting in approximately $10,300, which would then result in a higher low finishing the right shoulder on the Inverse Head & Shoulders pattern, after this period I would be expecting a test of $13,000 which would point to the origination of the Inverse Head & Shoulders pattern given from the start of the left shoulder.
These movements are primarily contingent on Bitcoin reaching the initial target of $10,300 to further validate this analysis.
This is not financial advice, trade at your own risk.