was formed on 01.03 at 11:00:03 (UTC+0)
signal strength 4 of 5
signal strength 4 of 5
According to the chart of H1, #Bitcoin formed the Inverse Head and Shoulder pattern. The Head’s top is set at 46857.81 while the median line of the Neck is found at 43117.80/45702.80. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #Bitcoin will go towards 46858.21
Figure
Instrument
Timeframe
Trend
Signal Strength
