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Andre_Cardoso

(2h) iH&S | technical dbl bottom | bullish 2618 | bearish crab

Long
Bitcoin (BITSTAMP:BTCUSD)  
Andre_Cardoso Updated   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Harmonic Patterns invertedheadandshoulders
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chartpattern harmonicpatterns invertedheadandshoulders
BTCUSD

Technical double bottom at the right shoulder now supported by one ascending structure trendline forming the bullish 2618 at the golden fib but also by the 200 moving avarage.
The projections for 2618 pattern formation sending the price for a retest of the most recent highs and daily fractal, with one eventual bearish crab pattern projected above at 1285, which may also force a pullback for a retest of the broken fractal as a broken resistance and as a eventual support.
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Previous structure trendline resistance now as potential support! Break or bounce!
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... the 161,8% reversal fib extension
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Inverted head and shoulders
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4h chart:
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