Bitcoin breakout from trendchannel and Inverted HS Pattern!
Dear traders,
Here is an update on Bitcoin the crypto leader.
Here we see an inverted head and shoulder formation on the 1 hour chart and we have also broken out of the descending trend channel upwards which is a very good sign!
I like to keep this anlysis plain and simple. The target for this pattern is 40800 and I expect this to be met within a few days.
Guy's also check out my previous update of Ethereum the 2nd largest coin in market capitalization.
I will keep you informed vie updates as always.
Traders, please your comments so we can look at this situation from all sides!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like👍. That motivates me a lot to continue💚!
Here is an update on Bitcoin the crypto leader.
Here we see an inverted head and shoulder formation on the 1 hour chart and we have also broken out of the descending trend channel upwards which is a very good sign!
I like to keep this anlysis plain and simple. The target for this pattern is 40800 and I expect this to be met within a few days.
Guy's also check out my previous update of Ethereum the 2nd largest coin in market capitalization.
I will keep you informed vie updates as always.
Traders, please your comments so we can look at this situation from all sides!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like👍. That motivates me a lot to continue💚!
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Traders My longer term view stay the same but we could see this scenario with a smaller correction:
Like the red arrows in the chart.