Potential iH&S Forming

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Inverse Head and Shoulders nearly completed based on structure and volume criteria

entry (neckline): 7525
TP/exit: 8100-8700 (1.618 fib - measured move)
SL (right shoulder): 6925

Resistance confluence at TP range includes:
- 200EMA
- Daily Cloud
- Yearly Pivot
- Weekly 20SMA
- Weekly Kijun


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.