LanaFL
Long

BTC UPDATE! INV H&S ON THE KEY SUPPORT LEVEL - CRYPTO CLASSIC

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

Hi, everyone!
It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S . Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline right at the long-time resistance level 6800 and the target of INVERSE H&S around 7800.

This means that most likely, price going to break two resistances, 6800 and 7700 and should find the support at 7600 - 7700. It's not going to be easy and not going to be one green candle. It's likely will be a harsh road, but we should make it. I have a confirmation, so I'm going long, adding to my previous position that I hold from 5850.
Good luck, everyone!

//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Comment: Keep in mind, that if we are not going to manage to break/hold 7500, it's might be a top and we will have different numbers on the table. However, 5800-7800 is a great trip and lots of money can be made, so, don't miss this opportunity.
Comment: PUMP. Also, DOGE has been added to the Robinhood, so, since it's cheap and now available to the general public we can expect a good pump, moreover BTC moves up, so it's almost a sure shot.
Congratulations.
Reply
I love your brain thank you!
+1 Reply
Thanks! I've been contemplating adding to my long term hold position that managed to get at 5794. Still have 80% Fiat, so thinking of putting about 10% of that in now.
+2 Reply
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