Bitcoin is still a long way from confirming a long term reversal, however, there have been super positive signs on the 4H chart.
1. Strong Bollinger Band reversal with volume. 2. Ichimoku cloud is giving 3/3 bull signals (price above kumo, tenkan/kijun cross, chikou cross) 3. BTC has broken out of the 1 month falling wedge pattern and confirmed breakout with 4 candles outside of wedge. 4. RSI is strong. 5. Finally, this Inverse H&S has just completed and been confirmed by a candle close above the neckline.
Therefore, my short-mid term target is 12K. PM me for entries, targets, custom charts, access to my paid Telegram group or my chart analysis course.
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BTC is struggling to break above the neckline. Interesting to see what happens if we hit the 61.8% level
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Well well well, look who's above the neckline again
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Looking for a close above the neckline and then we need to break this downtrend for more upside. Thanks to the Wolf for pointing this downtrend out.