XBTUSD Daily Close Above Head & Shoulders Neckline = BULLISH
Looking for a daily close above the neckline of the Reverse Head & Shoulders Pattern, Major Bearish Trendline and a breakout of the Ascending Wedge . This is likely to happen withing the next 24-36 hours and would mark a major bullish move upward for Bitcoin 4.19% .
If we break into mt target zone (which falls between the retracement of the .50 and .618 Fibonacci level of the major trend down) we still have to breakthrough some major resistance around $15K before we make new All Time High.
If we break into mt target zone (which falls between the retracement of the .50 and .618 Fibonacci level of the major trend down) we still have to breakthrough some major resistance around $15K before we make new All Time High.