Hello!
It may seem like we have a reversal upon our hands how far i have absolutely no idea but potentially to the 6000$ level because of all the free room. At this current level there is a fractal within the inverse h&s pattern that to me signifies a probable strong incoming bull move because on top of that the patterns have found peculiar support around the dotted numbers visualized for you.
If you also take a look at the daily chart from 2017 september all the way to the left we have a similar pattern re-occuring at the same level of supports.
With that said i'm not going to write much more as i assume that all of you have various different insights but the same pair of eyes, so do take a look at the charts and speculate.
It may seem like we have a reversal upon our hands how far i have absolutely no idea but potentially to the 6000$ level because of all the free room. At this current level there is a fractal within the inverse h&s pattern that to me signifies a probable strong incoming bull move because on top of that the patterns have found peculiar support around the dotted numbers visualized for you.
If you also take a look at the daily chart from 2017 september all the way to the left we have a similar pattern re-occuring at the same level of supports.
With that said i'm not going to write much more as i assume that all of you have various different insights but the same pair of eyes, so do take a look at the charts and speculate.
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The play
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about BTCUSD
If price breaks the monthly average that the price has found support on together with the round numbers and the pattern we might see a move towards next support at 2800~