New pattern alert! BTC is forming a bullish iSHS pattern. If the neckline is breached significantly, the expected minimum target will be 12,600$.

If it is breached and afterwards the neckline is retested like this, it will give additional confirmation for this pattern.

If it happens like this, it will turn me from neutral to bullish again.

UPDATE: SBD retested the downtrend from above. A pump could be imminent in the next two days. BTC is touching the neckline again. Will we see a pullback first or a direct break through?

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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