Get started
DrDovetail

Bullish breakout of symmetrical triangle & potentially inv h&s

Long
Bitcoin (BITFINEX:BTCUSD)  
DrDovetail Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD Bitcoin (Cryptocurrency) BTC Bullish Patterns breakout inverted HEAD AND shoulders
6
0
trendanalysis chartpattern indicator btcusd bitcoin btc bullish breakout inverted head and shoulders
Just had a nice bullish impulse leading to a big green candle breaking us out of the symmetrical triangle...The projected target is 7100 to 7250...small chance this could be a fake out but as or now it looks legit.
Comment:
Important to keep in min until we get above $6760 we will not have formed a higher high. Forming a higher low from here will show that the bears are still in charge...but if this breakout is confirmed, we should certainly form a higher high to follow are series of higher lows. To form a higher high here and then follow it up with a confirmation higher low would be a very good sign for the bulls.
Comment:
We have officially formed a higher high! Everybody in the pool! The water's fine!
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.