Technical analysis by roscoed716 about Symbol BTC: Buy recommendation (7/15/2024)

I believe we might form an inverted head and shoulders, I've tried to draw it here on the daily. (It's rough) but hopefully you get the idea... In a nutshell, we'll have a small correction (hopefully) holding support at around the level of the left shoulder. "58k ish" give or take... Then continue up after a couple bounces off support. The small correction should take place in the next couple of days. If we break below support, it's a free fall "doom and gloom" way down into no man's land. I'm still bullish personally, I think with inflation and everything retail investment is only going to rise ultimately. Best of luck fellow traders. 💯