Bitcoin / TetherUSDiupdate BTC has broken out of the rising wedge pattern.
Here's what you need to know: BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.
*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.*This is not financial advise, strictly for educational purposes*
If you find this helpful, donations are welcomed and greatly appreciated. They go towards creating more quality analysis.
BTC: 3PmwGrKijwEPak6YYRjG42fgtFF2iEYrKt
Catatan
Looks like we have broken way ahead of my projection. More on support analysis to come.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.