BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed.As well there is a clear inverse head & shoulders formation.
However keep in mind that we are still in the bear market until all major resistance lines and levels are broken.
BTC is approaching almost 1 year long descending resistance line that it will have to break in order to complete these bullish patterns (adam & eve and inverse head & shoulders).There are few controversial things to consider - bearish divergence, declining volume, 200 weeks MA that acts as resistance and others.
Be very careful with this trade, set up stop loss and do not use high leverage.
It's not a financial advice.
Trade carefully and good luck!
Trade closed: target reached
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Disclaimer
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.