In my last update I speculated an inverse head and shoulders to play out while being trolled because "They" were waiting for 39k and 40k level. I've said this before not just the charts but it's also important to understand psychological aspect of BTC s price action. Like what could possibly be the next move of BTC while everyone is thinking of buying BTC at 40k It's not coming!
Let's get to the chart. Opening a long position below 48k was recommended I am holding and will close around 60k. BTC perfectly followed the previous analysis with two scenarios. Currently it broke out of the Inverse Head and Shoulders pattern. Best time to long if you haven't yet is on the retest, do not FOMO.
Entry zone : $51400 to $52760
Expecting a 20% move from 52k level which will take us to our target. Invalidation of this chart is a close below $47,300.
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