Hi friends! I hope today finds you well! Please click the Like button so that TradingView's algos see and share this with more people.
Let's get to it. Per my post last week, I predicted that
BTCUSD
was forming an Inverse Head and Shoulders (IH&S) pattern. There was not yet a right shoulder formed at that time, but, per several other indicators I used to support what I was seeing, I felt confident an IH&S was on the horizon. Fast forward to today, and it is clear, an Inverse Head & Shoulders is in the process of putting on the final touches. That said, we need confirmation with a successful breakout of the neckline, before we can celebrate. Fingers crossed!
Hope you enjoyed reading about my thoughts on where bitcoin is headed next! Is so, please press Like, and if you have any comments, please leave them and I will promptly reply.
Thank you!
Let's get to it. Per my post last week, I predicted that
BTCUSD
was forming an Inverse Head and Shoulders (IH&S) pattern. There was not yet a right shoulder formed at that time, but, per several other indicators I used to support what I was seeing, I felt confident an IH&S was on the horizon. Fast forward to today, and it is clear, an Inverse Head & Shoulders is in the process of putting on the final touches. That said, we need confirmation with a successful breakout of the neckline, before we can celebrate. Fingers crossed! Hope you enjoyed reading about my thoughts on where bitcoin is headed next! Is so, please press Like, and if you have any comments, please leave them and I will promptly reply.
Thank you!
