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BTC break out of Pennant and forming H&Ss

Oleh mysticmasta
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BTC broke out of a Pennant to the upside, then consolidation. A formation of H&Ss pattern in the works it seems. If the H&Ss play out we could see a rise to 60k.


Not financial advice, just an observation.
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Pennant target achieved at $57500, now let's see if the inverted H&Ss target of 60400 we could hit too, or maybe consolidation and alt season again!
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Second target reached from the inverted Head and Shoulders pattern, onto the third target mid 70000s(73332) from a cub and handle pattern:

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News from India derailed our outlook, good support areas 53k, and 48k. Maybe a good time for discounted crypto!

Remember this is not financial advice, just observations.
BTCBTCUSDTTechnical IndicatorsLONGpennantbreakoutTrend Analysis
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