cryptopicasso

Looks like a textbook Inverse Head and Shoulders

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Although BTC looks mostly bearish we are seeing some textbook signs of painting possible inverse head and shoulders reversal that can be seen 6 hr -1 day
If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength.
Then to a break of $11800 which is also my #34 point on my grand fibonacci applied to the entire trend.
This would also line up with the 1 Day cloud twist around March 6th for an attempted breakout

Buyers should step in near $9500 to hold the trend

Comments

Great call on the bottom of the right shoulder. After this recent pullback, do you think we find support on the low 10ks or we drop down and either test the descending green trendline close to 9k or test the support at 7.5k?
Reply
Behind the curve? Missing good trades?
"Another week and another 1724 points made with this dude. Very exact entries too.
You are good but this guy is even better - at least for day traders.
Does anyone know of anyone better on Tv right now? If so, please share, like this one."
The TRUTH is out there...let's help eachother to FIND it.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out