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tradingwithyg
May 22, 2019 7:30 PM

BTC Inverse head and shoulders play (long) Long

Bitcoin / United States DollarCoinbase

Description

BTC is going through consolidation after retesting 8.4k level (resistance/pattern neckline). I can see this pattern acting as a continuation pattern further to the upside. If price can break above and hold the $8.4 level I can see it continuing up towards 10k. Price faced some resistance around 9.9k back in March and May of 2018. Will need a volume spike to see this pattern come to fruition. Resolution should come soon as price is nearing the apex of the asymmetrical triangle.
Comments
agent474
Can't agree with you here... Have to face a dump:
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