Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation.
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike