BTC going to break out? Or is the correction still underway?
Previous Head and Shoulders morphed into a confirmed falling wedge. Did not reach my previous target of 3950-4100. Manage to buy back some of my position on 4250-4300.
Then it went to break previous shoulder resistance invalidating the possible H&S.
If 4250-4350 area holds we might be looking at a break out. If not a possible double top going down to 4k or rectangle sideways around 4000-4400 may happen.
Long term I'm still bullish as long as we don't open and close daily below 4000.
Then it went to break previous shoulder resistance invalidating the possible H&S.
If 4250-4350 area holds we might be looking at a break out. If not a possible double top going down to 4k or rectangle sideways around 4000-4400 may happen.
Long term I'm still bullish as long as we don't open and close daily below 4000.