samadamsSAO
Long

BTC/USD Short term inverse head and shoulders reversal (upside)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi all, my previous idea predicted the red dotted line was the base of a double bottom reversal. After what looks like a fakeout to the downside, we have returned to the dotted line as support.

On shorter term time frames it looks like we have formed an inverse head and shoulders reversal pattern. This is further evidence the dotted line is the short term bottom and more upward movement can be expected.
Comment: equilibrium pattern forming
Comment:
As I said before, H&S on a 15m chart is very unreliable.
Reply
I saw the same thing. I think momentum is about to change bullish
+1 Reply
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