Nocturne83

BTC: 4 hr Inverse Head and Shoulders in play?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC might form an inverted HS pattern on the 4 hr timeframe. The neckline is at 6550ish - if we break this level, it should trigger a squeeze of some of the short positions.
Also note the 14 day EMA is about to cross the 26 day EMA . This is a rare occurrence and I urge you to look at what happened the last time this happened.
RSI is testing support and MACD is still bullish . Good luck!
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