Antonio_trader

Bitcoin head and shoulders pattern

BITSTAMP:BTCUSD   Bitcoin
Hello traders, hope you had a good New Year celebration!

As we are waiting for the bottom of the falling channel, looks like a H&S pattern may be forming with divergence on RSI.
Break of the neckline for 1st confirmation and break of the falling channel itself for 2nd confirmation.
This year the 3rd halving is expected in May, so huge anticipation of a new bullish trend.

Good Luck!

Related Ideas

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.