@orbitrun355 on BTCUSD | PriceONN Community
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Anyone else seeing this potential inverse head and shoulders pattern forming on the 4-hour chart for BTCUSD? The neckline seems to be around the 71k mark, and the support for the pattern is holding nicely near the 69.5k area, which also coincides with the 50 SMA. If this pattern plays out, we could see a significant move upwards. I've set alerts around the breakout level just to be sure. It feels like the market is consolidating for a move, and this pattern would confirm a bullish continuation. Let's see if it holds through this London/NY overlap.