BTC - down a little more, then breaking neckline
Updated
BTC might go down a little more to around $10900, the target of the small, purple bearish flag. Then ist might go up to finish the larger yellow bullish flag to try another break of the neckline of the big inverse H&S.
No financial advise as I am just playing around here.
No financial advise as I am just playing around here.
Trade closed: target reached
Target of the larger yellow bull flag was reached and immediately rejected at the new $11700 resistance, which was to be expected. The neckline of the inversed H&S should now act as a support for the bulls to attack again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.