Potential H&S Reversal

5 thg 1, 2021

This BTC rally has had incredible momentum, and many have been anticipating a price correction that keeps eluding us. I'm keeping my eye on a potential H&S forming at the recent BTC tops. Still waiting for confirmation at the neckline around 30k. If we break below that, I'm looking for a dip to the 24-25k range, where there was decent volume and consolidation in the days leading up to the 25th of Dec.

This would be a healthy correction and a buying opportunity in an overall larger bull trend expected to continue for a couple of years.

5 thg 1, 2021

Ghi chú

For perspective this hypothetical dip would look pretty nice on the daily chart