VWuelfrath

Bearish Bat

Short
BITFINEX:BTCUSD   Bitcoin
We see the formation of a bearish bat on the right shoulder of the inverse H&S pattern.

The same bearish bat formation is observed on the left shoulder.

If the yellow line (neckline of the reverse H&S) holds, we may see a big drop in price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.