BTC Coming Out of Inverse Head & Shoulders

Hey Everyone!

Coming out with my first public chart, here. For those of you who might not be aware, there is a beautiful inverse head and shoulders pattern playing out as you can see here:

By adding a Schiff Pitchfork, we can see where strong support and resistance lines could be based off of the previous peak:

Utilizing the bottom of the right shoulder as base for our Fibonacci levels and the top of the Schiff Pitchfork for the top level we can see this being a point of possible retracement to the 61.8 Fib level, in effect bouncing off of the established uptrend line created by the head and right shoulder before breaking out through inverse h&s and long-term downward trend line. Very exciting moment for BTC guys :)

Let me know what you think down in the comments!

May our investment endeavors help us reach our goals.

Best Regards,
Erik

Legal Disclaimer: Content found within this article or acccount is not financial advice and there is a lot of risk within cryptocurrency and other assets. These are my own formulated opinions and this should not be considered or treated as financial or investment advice.