klanedroid

i-H&S & Double Bull Pennant

BITSTAMP:BTCUSD   Bitcoin
BTCUSD looks like an inverse head-and-shoulders, leading to sequential bull pennants... she may be getting ahead of herself. I drew that purple parallelogram when BTCUSD was breaking out of the downchannel 2/3 and I'm not saying it's a safe target or even a good thing necessarily because of other factors but... it looks like it might COULD hit the tail end of it.

Mixed feelings because of how much of the RSI scale is in the danger zone right now but I think I'll just wait for the Vdub or my RSI signals.

* NOT A PRO * DYOR * TAKE YOUR OWN ADVICE *

Work the muck, and I'll see y'all come harvest time

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.