BTCUSD Can we have a more obvious signal for longing BTC?
Inverse head and shoulder. Huge volume breaks neckline.
Target 1: 7500
Target 2: 7800
Target 3: 8300
Target 1: 7500
Target 2: 7800
Target 3: 8300
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Possible route.
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Target correction
Target 1: 7350
Target 1: 7350
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Now btc is moving under the iH&S neckline. Very bearish move. It will trigger further capitulation if it breaks downward with huge volume.
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Hidden bullish divergence on 30-min chart. There is still possibility that we would see upward movement soon.
We don't trade patterns. We draw them.