UnknownUnicorn59736

Yet Another Basecamp Setup As We Climb Mount Bitcoin.

Long
BITSTAMP:BTCUSD   Bitcoin
Nothing new, nothing we haven't seen before during this almost 3 year long bull run. Just another solid basecamp H&S confirming after a 40% pullback before barreling onward & upward. This month long price structure is perhaps the single biggest reason I'm not expecting price to pause here for a week to form that classic C&H pattern, but rather just move aggressively into new ATH territory after 1 or 2 days of narrow range consolidation, typical of a classic H&S reversal, despite it's 'basecamp' location.
Disclaimer

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.