Trendlines make more sense on linear chart recently for bitcoin.
I never trade chart patterns like this... They never work... Unless they are really clear, solid and obvious. This one looks like a clear inverted H&S to me so it is tradeable. I don't think we will reach as High as the target I mentioned above. But I think we can get as high as 4.800.
Safe bet would be to wait until we break that neckline and buying the breakout. Keep in mind that it is not a valid chart pattern until it breaks that neckline...
I never trade chart patterns like this... They never work... Unless they are really clear, solid and obvious. This one looks like a clear inverted H&S to me so it is tradeable. I don't think we will reach as High as the target I mentioned above. But I think we can get as high as 4.800.
Safe bet would be to wait until we break that neckline and buying the breakout. Keep in mind that it is not a valid chart pattern until it breaks that neckline...