[BTC/USD] BTC forming inverse H&S bullish reversal [BTFD-VIP]

[BTC/USD] BTC forming inverse H&S bullish reversal [BTFD-VIP]

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HOW TO TRADE THIS CHART?

First like/thumbs up the chart then read below…..

bitcoin is possibly forming a very strong and reliable reversal Inverse Head and Shoulders pattern on the daily chart

today we saw some good bids pushing price up and i feel like i can finally post this chart with some confidence of the patterm forming 100%

FOR the pattern to complete we need a price move towards 4150 to break the neckline which is the GREEN line of the Inverse H&S

BUT if the price comes down below $3456 then right shoulder being lower than the left will INVALIDATE the formation of the pattern and our trade

For potential targets for bulls we would aim using the fib levels and/or the 100 & 200 EMA’s – we could see a crazy break into the new year which could climb to around $5600 before corrections start happening

Other factors, the Cycle of Power is in bullmode, RSI’s are set high but not overbought yet, can the momentum push it up higher? we shall see in next few days

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We also want to Thank You for your support, efforts, sharings, and banter for 2018, tough year but we made it through ok wiser and looking at making 2019 an even better one!!

Happy new year for 2019!

Peace Up!

MLB

disclaimer: this is for entertainment purposes only and not be considered trade advice

Published at Sun, 30 Dec 2018 11:30:41 +0000