DollarsNSense
Long

Bitcoin Poised to break?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It's no secret that Bitcoin has been the Big short of the Year, but my opinion is that things are about to change. We are now seeing the signs and signal of reversal that we have been long waiting for. The inverted Head and Shoulders on the 4 hr chart is a classic reversal pattern and anyone who knows me will know it as one of my favourites.
The ideal area to trade these amazingly powerful patterns is on the right shoulder, but in the lack of it being a clear opportunity it is time to switch to the Neckline break.
The great thing here is that it will also give us a Trendline break supplying us with an area of Confluence.
The tip here is to look for that break to happen and to pick it up on it's return

Comments

Spot on.
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notcoolyet notcoolyet
Please do more crypto charts :-)
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