BITCOIN, Potential For A Great INVERSE HEAD-SHOULDER-FORMATION!!

2021年12月2日

Hello,

Welcome to this analysis about BITCOIN and the 4-hour timeframe perspectives. In recent times we have seen important determinations going on with Bitcoin as it increased with short-term bullish volatility in the structure to bounce off the 54000 USD level and now moved into an interesting constellation in which it is developing a pivotal formation as I discovered. Therefore as when looking at my chart, we can watch there how Bitcoin is now about to finalize this whole inverse head-shoulder-formation with the left shoulder and the head already completed and now with the right shoulder to likely complete within the upcoming times. In this case, it is highly necessary that Bitcoin rightly holds the blue support-cluster-zone marked in my chart and appropriate bounce to the upside from there because when this does not happen and Bitcoin just falls below this structure it will invalidate the whole formation however when Bitcoin manages to bounce within this zone and after that manages to bounce above the neckline it will complete the whole inverse head-shoulder-formation and Bitcoin will have the ability to build on activating upside-targets at the 65000 USD level as shown in my chart, once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead.

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Information provided is only educational and should not be used to take action in the markets.