BTCUSD seems to be in the midst of forming an Inverse Heads and Shoulders pattern which can be seen both on the hourly and 4 hourly chart with a target after breakout of 48000$.
Wait for the breakout with at least an hourly candle or 4hourly candle close above the resistance neckline. Beware of fakeouts.
This is after it broke out of a falling wedge pattern which in this case was a possible reversal pattern from the recent dump.
Trade only what you can afford to lose as nothing is 100%, ever.
Just sharing an observation.
Good luck!
Wait for the breakout with at least an hourly candle or 4hourly candle close above the resistance neckline. Beware of fakeouts.
This is after it broke out of a falling wedge pattern which in this case was a possible reversal pattern from the recent dump.
Trade only what you can afford to lose as nothing is 100%, ever.
Just sharing an observation.
Good luck!
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