e33ivanyauwai
Long

Bitcoin Daily, Inverse Head & Shoulder, Short Term Target 10,000

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
In recent months, Bitcoin has been dropping and dropping.
It looked very weak recently.

Now, Bitcoin daily line, showing inverse head & shoulder.
The right shoulder may fail, which may turn into the third bottom.
Either case, it describes the bottom formation.
Short term target 10,000.
Comment: It turned out that the right shoulder failed, which turned into the third bottom.
See whether a morning star can be formed after today closing, it will be a good sign for the bull.
Trade closed: target reached

Comments

Yes, I agree. Pre-halving April 2020 I see retest of ATH before drop, and slow incline to over $50k+ (parabolic movement at end of cycle determining end value).
+1 Reply
e33ivanyauwai MoneyPatterns
@MoneyPatterns, I agree. When look into the weekly chart, the medium-term price adjustment was probably finished that it would start to rise again.
Reply
Dearly hope so.
+1 Reply
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