Bitcoin inverse H&S

Feb 6, 2018

Inverse head and shoulders potentially being made on the short term chart. Trend line, .5 fib retrace and 50ma coming into confluence in circled zone.

Feb 6, 2018

Note

target if proper break/continuation achieved

Feb 6, 2018

Note

Key area first

Feb 6, 2018

Note

200DMA in the vicinity

Feb 6, 2018

Note

big volume in this key resistance area

Feb 6, 2018

Note

Remember the correlation (inverse vix)

Feb 6, 2018

Note

Similarities with sept 2017 crash

Feb 7, 2018

Note

?

Feb 7, 2018

Note

Feb 8, 2018

Note

So right shoulder held nicely to that support. Now testing neckline + .764 fib retrace & R1 in area.

Feb 9, 2018

Note

Finally going to break this .764 retrace + double top (r1 level).
Longer term target is back to 100DMA up @~$11600.

Feb 10, 2018

Note

pivot & .5 fib off 1st wave

Feb 11, 2018

Note

New pivot points & R1 and the .5 fib retrace will still be the level to push through with wave 2 potentially in place

Feb 11, 2018

Note

Inverse H&S to push us to test ~9k again?

Feb 11, 2018

Note

Shorter term ^ will be battling this 4h H&S

Feb 12, 2018

Note

Back to the 200dma

Feb 12, 2018

Note

Same thing. This 9k level needs to be broken