BTC current in bullish flag forming inverted head and shoulder patern. Two possible scenario’s
Scenario 1: BTC breaks true the 15K resistance and continues the bull run. (Doing the inverted H&S)
Scenario 2: BTC completes the bull flag and touches around 8K for quarter of a day(If you try to catch this you are gambling) after we will see the panic buy. This depends on how strong the whales can manipulate.
If you are planing to buy more btc it is really risky to catch the bottom. When btc hits 55K this buy zone will look really cheap.
I also see an inverted H&S forming on the 4H but I don't see what you are referring to in your chart. Could you update to trace / highlight it? It looks a little early to call that on the daily to me but maybe I'm just not seeing it.
SignalTraderX
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@sn0wcrash, last week i saw this possible H&S on the 1W chart. Two possible scenario's inverted H&S or manipulation till around 8K touching the line of the bull flag.