Bitcoin's Rally Toward $62,000

14 thg 9

hello guys.

Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend.

Breakout Above the Neckline: The price has broken above the neckline, which confirms the reversal pattern. This is typically a strong bullish signal indicating further upward momentum.

Engulfing Pattern: An Engulfing pattern at the right shoulder supports the bullish case, suggesting the buyers are gaining control, pushing the price higher.

Next Target: The projected target for this breakout is $62,000, which is indicated on the chart. This would be the next key resistance level where traders might take profits or reassess positions.

Pullback Potential: There is also a possibility of a minor pullback to retest the breakout area (around $58,500), which would act as support before continuing upward.

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15 thg 9

Ghi chú

it is possible the price start to upward movement from here too!

16 thg 9

Giao dịch đang hoạt động

the yellow area failed but the blue area is still valid:

17 thg 9

Ghi chú

short term signal

20 thg 9

Đóng lệnh: đạt mục tiêu

target touched