Possible Super inverse H&S is forming; Target:5.5k
Updated
Hello everyone,
If you follow my telegram channel you seen my call and the discovery of the june fractal playing out.
+ There is a big daily bullish divergence.
Here is the fractal comparison I made:
The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is correct then the 5.5k target can be reached end of december.
I don't think this is the bottom. I think we will dump further from 5.5k towards 1.8-2.5k range to bottom out end of January or start of February.
If you follow my telegram channel you seen my call and the discovery of the june fractal playing out.
+ There is a big daily bullish divergence.
Here is the fractal comparison I made:
The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is correct then the 5.5k target can be reached end of december.
I don't think this is the bottom. I think we will dump further from 5.5k towards 1.8-2.5k range to bottom out end of January or start of February.
Note
For live updates:t.me/SuperCryptoVince
Fractal that played out:
Note
New analysis with new targets:
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.