Possible inverted head and shoulders.
After breaking out to the upside from the descending broadening wedge pattern that formed from December 21st, it seems like bitcoin is forming an inverse head & shoulders pattern.
This is pretty bullish, however, the results of the FED's emergency meeting on Monday could cause it to play out differently.
We also have strong support around the 39k - 40k level.
If this plays out, we could touch 46k and find support there.
I still bought more BTC because I'm pretty bullish on it but time will tell.
This is pretty bullish, however, the results of the FED's emergency meeting on Monday could cause it to play out differently.
We also have strong support around the 39k - 40k level.
If this plays out, we could touch 46k and find support there.
I still bought more BTC because I'm pretty bullish on it but time will tell.
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