BitcoinLong
Inverse Head and shoulders setup Btc/USD
Updated
Hi!
This it a fairly simple idea.
Inverse Head and shoulders pattern developing on the 1h - 4hr charts btc/usd. However not a trend reversal so maybe it doesn't count...
It means there is potential for a jump past the current $8200 resistance to somewhere around $8500 or even as high as $9600.
I haven't added MA resistance points to keep things simple.
That is all. My first post so don't rip me apart too much.
This it a fairly simple idea.
Inverse Head and shoulders pattern developing on the 1h - 4hr charts btc/usd. However not a trend reversal so maybe it doesn't count...
It means there is potential for a jump past the current $8200 resistance to somewhere around $8500 or even as high as $9600.
I haven't added MA resistance points to keep things simple.
That is all. My first post so don't rip me apart too much.
Note
The more likely double top seems to be happening, retrace to $7400 or $6800 as we are overbought then up up up again.
Investoor from New Zealand.
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