3 days ago I wrote about the necessity of a deeper correction of the market and, in particular of BITCOIN, in order to see a promising reversal pattern.
So I exposed the following "roadmap" as a path to confirm the reversal:
- For the time being, I have had to adjust a little bit "neckline" of the Inverted Head and Shoulders Pattern, setting it in a more horizontal manner.
- So, now, instead of being at 6630 $, the "neckline" is 6700 $ (peanuts :-)) , but actually the pattern is still being built according to the plan.
- The bottom of the "inverted Right Shoulder" should be close to the 6200 USD, and we are really very close but still we have to see a movement downwards
If finally, the pattern is completed we have many possibilities to confirm the reversal trend, with a first target of 7600 USD.
Enjoy Cryptoland!!!
*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.
Posted at TIMM
