Crypto Market Cap Chart Short Term

Earlier today, I posted a 'big picture' analysis for this chart. I decided to zoom in to see what is happening inside. It looks like we are creating an inverse head & shoulders. The bottom of the right shoulder should be at the bottom of the falling wedge. I mean, you don't make this stuff up. Sometimes I am amazed by how this stuff works. Looks pretty bullish in my opinion as of right now but again, this stuff can always change. A pattern that is bullish is not bullish until you get confirmation because if it doesn't touch a trendline, it can start creating a parabola the other direction and we could dump. But looks pretty promising right now!

Kommentera:

That inverse H&S came up too early and we never got solid support above it.