As you can see, Price still follows the Inverse Head and Shoulder pattern and keep in mind guys, this is on the 4H timeframe and formation of the complete pattern might take a week to 2. In the meanwhile why has bitcoin dumped from $48500? One thing I could see is that in the Daily stochastic, we were still moving down and from the oscillators we didn't quite get...
The Bitcoin chart on 4H Timeframe seems to be printing a bullish Inverse Head and Shoulder pattern that could possibly trigger the next upcoming moonshot to $100k or more. Target of the Head and Shoulder may vary and to be precise you can use pivot lines or any such tool, The estimated target is between $57-$58k
