Never a boring day on BITCOIN.
Two options, one for the Bulls one for the Bears.
One for the Bulls:
I would say that is a Symmetrical Triangle, which used to break upwards when coming from an Upwards trend..."For the symmetrical triangle to be called "bullish", the movement preceding the triangle's formation must be bullish"
But still has to be confirmed by breaking the upper or the lower line
One for Bears:
Atypical Head and Shoulders that could be also ascribed in the symmetrical triangle breakdown.
However, a Head and shoulders formation should have been identified in the top of the Uptrend and not coming from a downtrend...
But if you look on the 4H-chart there is another that could fit, upwards neckline, decreasing volume etc...
As usual, two options, two targets, 66k for the Bulls, 45K for the Bears...
In which option will you bet?
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
