BTC Movement up $15,000 - 18,000 - Inverse Head and Shoulders

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Everyone! Wishing you all a Merry Christmas and a Happy New Year. The market correction finally hit and I hope you all got in cheap :) Most of the team was able to position themselves well and earned healthy %'s (: I sent this chart off to the team a bout an hour ago. So at the time BTC was in the $14,000's.

Keeping it short this time:

Inverse Head and Shoulders are forming which normally translates into a bullish run northward. RSI has tipped in the oversold on all charts. We can anticipate some growth movement northward.
Market recovery towards $15-17k a sell off...back down to 14-15k and a reposition and consolidation towards new ATH of $20-25k

Great time to set up long-term positions now. Or day/swing trade.

Risk to head downwards still exists so you can position purchase orders at $12-13k.

Wishing you all well and hope you make $$$.

Comment: My team and I have initiated this short-term trade for 12% gain. I shared this chart with my Telegram Group

$14,500-13,700 key area to accumulate. We can anticipate another 18% gain soon. The charts will align with LTC as well. Post incoming soon.

Comment: Here ya go :) Selling at $16800 buying the retrace and moving upwards from there.

Comment: Hi Guys,

@zeelorenc Corrected me yesterday in regards to my inverted HnS and i already mentioned that I thought i was wrong and I do see a HnS. (see comments below).

I got out yesterday before my christmas party and will be setting myeyes on lower buy in ranges.
Comment: Following it perfectly!
Now it looks like double bottom, or continuation of downfall to 9k to 8k, what do you all thing about it ?
+1 Reply
@jleff,i kept my eyes off of crypto yesterday. Glad i got out of my trades at profit
Can happen :) looks like we are in the middle of it
Thank you for all your hard work! I just started in btc and have been getting killed and need some help. Your charts give me guidance and confidence. Where do you see it retracing to?
Thanks again and merry Christmas!
+1 Reply
Inverse head and shoulders come from downtrends
+2 Reply
regalia zeelorenc
@zeelorenc, standard HnS then :P i've been looking at the chart since i posted it and i thought i did it wrong :P but the current uptrend line is still intact. I'm engaged in a final trade befoer the next retrace.
Buying at?
+2 Reply
Good perspective! Curious to see how this plays off. I'm a bit of a bear right now, though XD
+2 Reply
Very informative. Awaiting the update.
+1 Reply
Very nice graph. Thank you
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