Crypto-Swing

BTC - A reversal signal in the 4hr chart

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
To extend upon my thesis that we have seen the low of the BTC bear market, I point out that we have seen a strong reversal pattern just complete, that is more obvious in the 4hr chart. Above you will notice the Inverse Head and Shoulders formation has completed around the $25.3K low. It is early days and anything could happen, however, this is also coincident with a 5-wave impulse higher that was followed by a 3-wave correction. Together, I believe, these indicate the trend has reversed.

What do you think? Is it up from here, or is it all just another fake-out?

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