BTC – A reversal signal in the 4hr chart
BTC/USD COINBASE:BTCUSD
To extend upon my thesis that we have seen the low of the BTC bear market, I point out that we have seen a strong reversal pattern just complete, that is more obvious in the 4hr chart. Above you will notice the Inverse Head and Shoulders formation has completed around the $25.3K low. It is early days and anything could happen, however, this is also coincident with a 5-wave impulse higher that was followed by a 3-wave correction. Together, I believe, these indicate the trend has reversed.
What do you think? Is it up from here, or is it all just another fake-out?
