Inverted H&S (8H timeframe) - BTC
2025-01-07
Category: None

Hi there,

Would anyone be able to confirm this pattern?
The exact same pattern is forming on XRP graph. It's more predominant on the 12H graph.

Could this be the breakout that we're looking for?

We need more time to confirm the pattern is at play and we would need a break above the neckline which is sat around $104,000 This would also mean a retest of the resistance at $100,000-$103,000 to which I believe will be broken.

There is a lot of volume coming in the last few hours, please trade carefully.

Thank you for taking the time to look at my post.
If anyone has any feedback/input please feel free to share, all insight is appreciated.