I wasn't sure some hours ago when I identified so I waited a bit, now I'm sure. I've indicated the target by rules but who knows....
According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
Note
wait for a retest of the neck line, if that doesn't play out then the pattern is invalidated. I think there's too much institutional money flowing into BTC right now and chart pattern, especially at lower time frames, are messed up.Order cancelled
the retest didn't go as expected so I think this pattern is officially invalidated
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.