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pnovak
Jul 16, 2018 11:53 AM

BTCUSD inverted head and shoulders reversal pattern 

Bitcoin / DollarBitfinex

Description

As we see is forming inverted head and shoulders pattern with clear entry level, which is mareked with green line.
Ideally we would form another 4h higher low before the break to cool the RSI, if we dont be careful.
Another scenario is equilibrium pattern.
Either way I will keep you informed in the future.
Be prepared for everything (fakeouts) and use stop losses.
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