noble1ones

Bitcoin Classic Inverted Head & Shoulders Pattern & Price Target

BITSTAMP:BTCUSD   Bitcoin
I decided to create a classic TA chart as well. This particular pattern clearly defines an Inverted Head & Shoulders Pattern. I decided to mark it up in bold purple lines over the EW labels in order to prevent erasing and redrawing them. The right shoulder also appears to be printing/forming a Classic Bullish Symmetrical Triangle. I didn't mark it in order to keep the chart legible. I'll create another chart which will focus on the right shoulder.
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