Recently published a chart showing potential for a bearish November to check myself, because I am still bullish on BTC and will be until evidence otherwise. This is an 4H chart update on a previously published falling wedge daily chart.
We failed on both a smaller and a larger head and shoulders, reached our TP 1 for both, and are heading towards TP 2s for both, around ~64k and ~69k. TP 2 for the larger HS lines up with the daily chart's falling wedge TP 1 around 70.5k.
So, if we remain bullish here, next interim stop should be around ~64k and then ~69-70k. Get above 71 and we can start looking at TP 2 for our falling wedge breakout on the daily chart.
We failed on both a smaller and a larger head and shoulders, reached our TP 1 for both, and are heading towards TP 2s for both, around ~64k and ~69k. TP 2 for the larger HS lines up with the daily chart's falling wedge TP 1 around 70.5k.
So, if we remain bullish here, next interim stop should be around ~64k and then ~69-70k. Get above 71 and we can start looking at TP 2 for our falling wedge breakout on the daily chart.
