@kaylaperez11 on BTCUSD | PriceONN Community

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K
kaylaperez11 PRO newbie
BTCUSD Mar 12
Is anyone else seeing a potential inverse head and shoulders forming on the 1H chart for BTCUSD? Looks like we're consolidating around the 70k level, and if we break that neckline with volume, we could see a nice push higher. Just curious if I'm the only one seeing it! NFA of course lol.
BTCUSD

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K
kaylaperez11 PRO newbie Mar 12
Okay, so zooming out a bit... the D1 chart also shows a bullish flag forming. If that breaks upward, we're talking about a potential measured move way past the previous all-time high. I'm thinking a target around 75k isn't out of the question.

Of course, gotta watch out for fakeouts. Whales love to play games with liquidity grabs. Maybe wait for a confirmed breakout and retest before going all in. And the China situation could add some volatility. But the overall setup looks pretty promising to me. What do you all think?
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