This inverse head & shoulders seems very possible. Someone came in and bought a lot of BTC. I think trying to buy at the fib levels would be smart with the right risk management though.
Note
Not a valid inverse head & shoulders. Didn't come down low enough and then ran into resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.