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DrDovetail
Sep 11, 2018 1:13 AM

Can a potential invrted h&s breakout prevent the 4hr deathcross? 

Bitcoin / DollarBitfinex

Description

Still neutral here as BTC gets ready to amke a decision. A breakout of this inverted head and shoulder pattern could send the price action up to $6725 and be enough to potentially help the 4hr 50ma (in orange) bounce upward off the 200 ma (in blue). Let's hope we go up from here. *not financial advice*
Comments
judiktor
I like this idea, and seems the inverted H&S pattern is evolving in such a way the right shoulder has been formed during last finished candle at 6170, could it be possible?

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